PRICING SUPPLEMENT File No. 333-97937
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(To Prospectus Supplement and Prospectus dated Rule 424(b)(3)
September 25, 2002)
Pricing Supplement Number: 2258
Merrill Lynch & Co., Inc.
Medium-Term Notes, Series B
Due Nine Months or More from Date of Issue
Floating Rate Notes
Principal Amount: $145,000,000 Original Issue Date: November 18, 2002
Issue Price: 100.00% Stated Maturity Date: November 18, 2003
CUSIP Number: 59018YPC9
Interest Calculation: Day Count Convention:
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/x/ Regular Floating Rate /x/ Actual/360
/ / Inverse Floating Rate Note / / 30/360
(Fixed Interest Rate): / / Actual/Actual
Interest Rate Basis:
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/x/ LIBOR / / Commercial Paper Rate
/ / CMT Rate / / Eleventh District Cost of Funds Rate
/ / Prime Rate / / CD Rate
/ / Federal Funds Rate / / Other (see attached)
/ / Treasury Rate
Designated CMT Page: Designated LIBOR Page:
CMT Telerate Page: LIBOR Moneyline Telerate Page: 3750
CMT Reuters Page: LIBOR Reuters Page:
Index Maturity: Three Months Minimum Interest Rate: Not Applicable
Spread: +0.0300% Maximum Interest Rate: Not Applicable
Initial Interst Rate: Calculated as if the Original Spread Multiplier: Not Applicable
Issue Date was an Interest Reset Date
Interest Reset Dates: Quarterly, on the 18th of February, May, August, commencing on February 18, 2003,
subject to the modified following Business Day convention.
Interest Payment Dates: Quarterly, on the 18th of February, May, August, and at maturity commencing
on February 18, 2003, subject to the modified 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 are being issued in fully registered book-entry form.
Trustee: JPMorgan Chase Bank
Underwriter: Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S"), Wachovia Securities,
Inc. and ABN AMRO Incorporated (the "Underwriters"), are acting as principals in this
transaction. MLPF&S is acting as the Lead Underwriter.
Pursuant to an agreement dated November 12, 2002 (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
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Merrill Lynch, Pierce, Fenner & Smith $139,200,000
Incorporated
Wachovia Securities, Inc. $2,900,000
ABN AMRO Incorporated $2,900,000
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Total $145,000,000
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.
Dated: November 12, 2002