FILE NO. 333-13649 RULE 424(B)(3) PROSPECTUS SUPPLEMENT (TO PROSPECTUS DATED JANUARY 6, 1997) (TO PROSPECTUS SUPPLEMENT DATED JANUARY 6, 1997) PROSPECTUS NUMBER: 1502 MERRILL LYNCH & CO., INC. MEDIUM-TERM NOTES, SERIES B DUE NINE MONTHS OR MORE FROM DATE OF ISSUE FIXED RATE NOTES
PRINCIPAL AMOUNT: $15,000,000.00 TRADE DATE: April 28, 1997 ORIGINAL ISSUE DATE: May 15, 1997 MATURITY DATE: May 15, 2007 INTEREST RATE: 7.50% INTEREST PAYMENT DATES: 15th day of each month, commencing June 15, 1997 through and including the Maturity Date, subject to the following business day convention. OPTIONAL REPAYMENT DATES: See "Other Provisions" below INITIAL REDEMPTION DATE: May 15, 2000 OTHER PROVISIONS: Notwithstanding anything to the contrary contained herein, interest on the Notes shall be payable monthly on the 15th day of each month and at Maturity (the "Interest Payment Dates"), commencing on June 15, 1997. This Note is subject to redemption at the option of the Company, in whole, on each Interest Payment Date occurring in May or November commencing on or after the Interest Payment Date on May 15, 2000, (the "Redemption Date") at the Redemption Price together with interest thereon payable to the Redemption Date, on notice given, not more than 60 nor less than 30 days prior to the Redemption Date. The Redemption Price with respect to this Note shall be 100% of the principal amount of the Notes.