PRICING SUPPLEMENT File No. 333-122639
- ------------------- Rule 424(b)(3)
(To Prospectus Supplement and Prospectus
dated February 25, 2005)
Pricing Supplement Number: 2475
Merrill Lynch & Co., Inc.
Medium-Term Notes, Series C
Due Nine Months or More from Date of Issue
Fixed Rate Notes
Principal Amount: $400,000,000
Issue Price: 100.00%
CUSIP Number: 59018YWD9
Interest Rate: 4.25% per annum
Original Issue Date: September 14, 2005
Stated Maturity Date: September 14, 2007
Interest Payment Dates: March 14th and September 14th of each year, commencing on March 14, 2006
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.
Trustee: JPMorgan Chase Bank, N.A.
Underwriters: Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S"), Morgan Keegan & Company,
Inc. and Rzmirez & Co., Inc. (the "Underwriters"), are acting as principals in this
transaction. MLPF&S is acting as the Lead Underwriter.
Pursuant to an agreement, dated September 9, 2005 (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 $392,000,000
Incorporated
Morgan Keegan & Company, Inc. $4,000,000
Ramirez & Co., Inc. $4,000,000
----------
$400,000,000
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: 0.175%
Dated: September 9, 2005