Exhibit 3(i)(c) [FORM OF FACE OF RECEIPT!] NUMBER DEPOSITARY SHARES DR DEPOSITARY RECEIPT FOR DEPOSITARY SHARES, EACH REPRESENTING ONE-FOUR HUNDREDTH OF ONE SHARE Of 9% CUMULATIVE PREFERRED STOCK, SERIES A, OF MERRILL LYNCH & CO., INC. INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE CUSIP --------- SEE REVERSE FOR CERTAIN DEFINITIONS CITIBANK, N.A., as Depositary (the "Depositary"), hereby certifies that is the registered owner of DEPOSITARY SHARES ("Depositary Shares"), each Depositary Share representing one-four hundredth of one share of 9% Cumulative Preferred Stock, Series A, par value $1.00 per share (the "Stock"), of Merrill Lynch & Co., Inc., a Delaware corporation (the "Corporation"), on deposit with the Depositary, subject to the terms and entitled to the benefits of the Deposit Agreement dated as of November 3, 1994 (the "Deposit Agreement"), among the Corporation, the Depositary and the holders from time to time of the Depositary Receipts. By accepting this Depositary Receipt, the holder hereof becomes a party to and agrees to be bound by all the terms and conditions of the Deposit Agreement. This Depositary Receipt shall not be valid or obligatory for any purpose or entitled to any benefits under the Deposit Agreement unless it shall have been executed by the Depositary by the manual signature of a duly authorized officer or, if executed in facsimile by the Depositary, countersigned by a Registrar in respect of the Depositary Receipts by the manual signature of a duly authorized officer thereof. Dated: CITIBANK, N.A., Depositary By________________________ Authorized Officer [FORM OF REVERSE OF RECEIPT] MERRILL LYNCH & CO., INC. MERRILL LYNCH & CO., INC. WILL FURNISH WITHOUT CHARGE TO EACH RECEIPTHOLDER WHO SO REQUESTS A COPY OF THE DEPOSIT AGREEMENT AND A COPY OR SUMMARY OF THE CERTIFICATE OF DESIGNATIONS OF THE 9% CUMULATIVE PREFERRED STOCK, SERIES A, OF MERRILL LYNCH & CO., INC. ANY SUCH REQUEST IS TO BE ADDRESSED TO THE DEPOSITARY NAMED ON THE FACE OF THIS RECEIPT. ------------------------- - -------------------------------------------------------------------------------- The Corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof of the Corporation, and the qualifications, limitations or restrictions of such preferences and/or rights. Such request may be made to the Corporation or to the Transfer Agent or Registrar. EXPLANATION OF ABBREVIATIONS The following abbreviations when used in the form of ownership on the face of this certificate shall be construed as though they were written out in full according to applicable laws or regulations. Abbreviations in addition to those appearing below may be used. Phrase Abbreviation Equivalent Phrase Abbre JT TEN As joint tenants, with right TEN BY ENT of survivorship and not as tenants in common TEN IN COM As tenants in common UNIF GIFT MI Word Word Abbreviation Equivalent Abbreviation Equivalent ADM Administrator(s) EST Estate, of Estate of Administratrix EX Executor(s), Executrix AGMT Agreement FBO For the benefit of ART Article FDN Foundation CH Chapter GDN Guardians) CUST Custodian for GDNSHP Guardianship DEC Declaration MIN Minor(s) ================================================================================ For value received, ____________________ hereby sell(s), assigns(s) and transfer(s) unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE - -------------------------------------------------------------------------------- T! HOUT CHARGE TO EACH AGREEMENT AND A COPY OR CUMULATIVE PREFERRED STOCK, UEST IS TO BE ADDRESSED TO - ----------------------------- stockholder who so requests participating, optional or s thereof of the restrictions of such to the Corporation or to ownership on the face of ere written out in full iations in addition to those Phrase Abbreviation Equivalent of survivorship TEN BY ENT As tenants by the entireties UNIF GIFT MIN ACT Uniform Gifts to Minors Act Word ion Equivalent Abbreviation Equivalent Estate, of Estate of PAR Paragraph Executor(s), Executrix PL Public Law For the benefit of TR (As) trustees(s), for, of Foundation U Under Guardian(s) UA Under agreement Guardianship UW Under will of, Of will of, Minor(s) Under last will & testament ================================================================================ by sell(s), assign(s) and UMBER OF ASSIGNEE - --------------------------- - --------------------------- POSTAL ZIP CODE OF ASSIGNEE - --------------------------- ______________________ Depositary Shares represented by the within Receipt, and do(es) hereby irrevocably constitute and appoint _____________ Attorney to transfer the said Depositary Shares on the books of the within named Depositary with full power of substitution in the premises. Dated________________ ------------------------------------------------------------ NOTICE: The signature to the assignment must correspond with the name as written upon the face of this Receipt in every particular, without alteration or enlargement or any change whatsoever. SIGNATURE GUARANTEED - -------------------------------------------------------------- NOTICE: The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations, and credit unions with membership in an approved signature guarantee medallion program), pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934. A-2