PRICING SUPPLEMENT

Filed Pursuant to Rule 424(b)(3)

(To MTN prospectus supplement,

Registration No. 333-132911

general prospectus supplement

and prospectus, each dated March 31, 2006)

Pricing Supplement Number: 2832

Merrill Lynch & Co., Inc.

Medium-Term Notes, Series C

Due Nine Months or More from Date of Issue

Fixed Rate Notes

Principal Amount:

$2,750,000,000

Original Issue Date:

August 28, 2007

CUSIP Number:

59018YJ69

Stated Maturity Date:

August 28, 2017

ISIN:

US59018YJ698

Issue Price:

99.854%

Interest Rate:

6.40%

Interest Payment Dates:

February 28 and August 28 of each year, commencing on February 28, 2008,

subject to the following business day convention.

Repayment at the

Option of the Holder:

The Notes cannot be repaid prior to the Stated Maturity Date.

Redemption at the

Option of the Company:

The Notes cannot be redeemed prior to the Stated Maturity Date.

Form:

The Notes will be issued in fully registered book-entry form.  As described in the accompanying

general prospectus supplement, upon issuance, all of the Notes will be represented by one or more fully

registered global Notes. Each global Note will be deposited with, or on behalf of, The Depository

Trust Company, otherwise known as DTC, or any successor to it (the “depository”),

as depositary, and registered in the name of Cede & Co., DTC’s partnership nominee. Unless and

until it is exchanged in whole or in part for Notes in definitive form, no global Note may be

transferred except as a whole by the depository to a nominee of the depository or by a nominee of

the depository to the depository or another nominee of the depository or by the depository or any

nominee to a successor of the depository or a nominee of its successor. Investors may elect to

hold interests in the global Notes through either the depository, in the United States, or

Clearstream Banking, société anonyme (“Clearstream, Luxembourg”), or Euroclear Bank S.A./N.V.,

as operator of the Euroclear System (“Euroclear”), if they are participants in

these systems, or indirectly through organizations which are participants in these systems.

Clearstream, Luxembourg and Euroclear will hold interests on behalf of their participants

through customers’ securities accounts in Clearstream, Luxembourg’s and Euroclear’s names on

the books of their respective depositaries, which in turn will hold interests in customers’

securities accounts in the depositaries’ names on the books of the depository.

At the present time, Citibank, N.A. acts as U.S. depositary for Clearstream, Luxembourg and

JPMorgan Chase Bank, N.A. acts as U.S. depositary for Euroclear (each a “U.S. Depositary”).

Beneficial interests in the global securities will be held in denominations of $1,000 and integral multiples

thereof.

Cross-market transfers between persons holding directly or indirectly through the depository

on the one hand, and directly or indirectly through Clearstream, Luxembourg or Euroclear Participants,

on the other, will be effected within the depository in accordance with the depository’s rules on behalf

of the relevant European international clearing system by its U.S. Depositary; however, such cross-market

transactions will require delivery of instructions to the relevant European international clearing system

by the counterparty in such system in accordance with its rules and procedures and within its established

deadlines (European time). The relevant European international clearing system will, if the transaction

meets its settlement requirements, deliver instructions to its U.S. Depositary to take action to effect

final settlement on its behalf by delivering or receiving notes in the depository, and making or receiving

payment in accordance with normal procedures. Clearstream, Luxembourg Participants and Euroclear

Participants may not deliver instructions directly to their respective U.S. Depositaries.

Because of time-zone differences, credits of notes received in Clearstream, Luxembourg or

Euroclear as a result of a transaction with a depository participant will be made during subsequent

 

 

 

securities settlement processing and dated the business day following the depository settlement date.

Such credits, or any transactions in the notes settled during such processing, will be reported to the

relevant Euroclear Participants or Clearstream, Luxembourg Participants on that business day. Cash

received in Clearstream, Luxembourg or Euroclear as a result of sales of notes by or through a

Clearstream, Luxembourg Participant or a Euroclear Participant to a depository participant will be

received with value on the business day of settlement in the depository but will be available in the

relevant Clearstream, Luxembourg or Euroclear cash account only as of the business day following

settlement in the depository.

Although the depository, Clearstream, Luxembourg and Euroclear have agreed to the foregoing

procedures in order to facilitate transfers of securities among participants of the depository, Clearstream,

Luxembourg and Euroclear, they are under no obligation to perform or continue to perform

such procedures and they may discontinue the procedures at any time.

All information in this pricing supplement on Clearstream, Luxembourg and Euroclear is derived

from Clearstream, Luxembourg or Euroclear, as the case may be, and reflects the policies of

these organizations; and these policies are subject to change without notice.

Trustee:

The Bank of New York

Underwriters:

Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), ANZ Securities, Inc., BB&T Capital Markets, a division of Scott & Stringfellow, Inc., Deutsche Bank Securities Inc., HVB Capital Markets, Inc., KeyBanc Capital Markets Inc., Morgan Keegan & Company, Inc., RBC Capital Markets Corporation, SunTrust Robinson Humphrey, Inc., Wachovia Capital Markets, LLC, Wells Fargo Securities, LLC and and Zions Direct (the "Underwriters"), are acting as principals in this transaction.  MLPF&S is acting as the Lead Underwriter.

Pursuant to an agreement, dated August 22, 2007 (the “Agreement”), between Merrill Lynch & Co., Inc.

(the “Company”) and the Underwriters, the Company has agreed to sell to each of the Underwriters and

each of the Underwriters has severally and not jointly agreed to purchase the principal amount of Notes set

forth opposite its name below:

Underwriters

Principal Amount of the Notes

Merrill Lynch, Pierce, Fenner & Smith

$2,640,000,000

Incorporated

ANZ Securities, Inc.

$10,000,000

BB&T Capital Markets, a division of Scott & Stringfellow, Inc.

$10,000,000

Deutsche Bank Securities Inc.

$10,000,000

HVB Capital Markets, Inc.

$10,000,000

KeyBanc Capital Markets Inc.

$10,000,000

Morgan Keegan & Company, Inc.

$10,000,000

RBC Capital Markets Corporation

$10,000,000

SunTrust Robinson Humphrey, Inc.

$10,000,000

Wachovia Capital Markets, LLC

$10,000,000

Wells Fargo Securities, LLC

$10,000,000

Zions Direct

$10,000,000

Total…………….

$2,750,000,000

Pursuant to the Agreement, the obligations of the Underwriters are subject to certain conditions and

the Underwriters are committed to take and pay for all of the Notes, if any are taken.

The Underwriters have advised the Company that they propose initially to offer all or part of the Notes

directly to the public at the Issue Price listed above.  After the initial public offering, the Issue Price

may be changed.

The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities

under the Securities Act of 1933, as amended.

Underwriting Discount:

0.500%

Dated:

August 22, 2007