SUPPLEMENT DATED: July 20, 2007 | Filed Pursuant to Rule 424(b)(3) | |||
(To product supplement IRN-1, dated February 16, 2007, | File No. 333-132911 | |||
MTN prospectus supplement, general prospectus | ||||
supplement and prospectus, each dated March 31, 2006) | ||||
Supplement Number: 2820
|
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Merrill Lynch & Co., Inc.
Medium-Term Notes, Series C
Index Return Notes
Linked to the Rogers International Commodity Index® Excess ReturnSM
Merrill Lynch calculated
due February 27, 2012
(the Notes)
REOPENING OF EXISTING SERIES
____
This supplement relates to the re-opening, or offering of additional securities of, the series of Merrill Lynch & Co., Inc. senior debt securities indicated below (the Notes). The Notes offered hereby are being distributed by Merrill Lynch, Pierce, Fenner & Smith Incorporated.
CUSIP/ISIN: XS0289544339
Date of term sheet related to the Notes: February 20, 2007
Principal amount of Notes currently outstanding: 18,222,000
The Notes Offered Hereby
Principal Amount: 1,000,000
Expected Settlement Date: July 27, 2007
Pricing Information:
Original Public Offering Price (per 1,000 unit): 1,005.90
Proceeds to Issuer: 1,005,900
Underwriting Discount: 0.00
Documentation
You should read this term sheet, together with the documents listed below, which together contain the terms of the Notes and supersede all prior or contemporaneous oral statements as well as any other written materials. You should carefully consider, among other things, the matters set forth in Risk Factors beginning on page PS-6 of the accompanying product supplement no. IRN-1 and pages S-3 to S-4 in the accompanying MTN prospectus supplement, as the Notes involve risks not associated with conventional debt securities. We urge you to consult your investment, legal, tax, accounting and other advisers before you invest in the Notes.
You may access these documents on the SEC Web site at www.sec.gov as follows (or if such address has changed, by reviewing our filings for the relevant date on the SEC Web site):
| Term Sheet dated February 20, 2007: |
http://www.sec.gov/Archives/edgar/data/65100/000119312507040108/d424b3.htm |
| Product supplement IRN-1 dated February 16, 2007: |
http://www.sec.gov/Archives/edgar/data/65100/000119312507034107/d424b2.htm |
| MTN prospectus supplement, dated March 31, 2006: |
http://www.sec.gov/Archives/edgar/data/65100/000119312506070946/d424b5.htm |
| General prospectus supplement dated March 31, 2006: |
http://www.sec.gov/Archives/edgar/data/65100/000119312506070973/d424b5.htm |
| Prospectus dated March 31, 2006: |
http://www.sec.gov/Archives/edgar/data/65100/000119312506070817/ds3asr.htm |
Our Central Index Key, or CIK, on the SEC Web site is 65100. References in this term sheet to ML&Co., we, us and our are to Merrill Lynch & Co., Inc., and references to MLPF&S are to Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Experts
The consolidated financial statements, the related financial statement schedule, and managements report on the effectiveness of internal control over financial reporting incorporated in this supplement by reference from Merrill Lynch & Co., Inc.s Annual Report on Form 10-K for the year ended December 29, 2006 have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their reports, which are incorporated herein by reference (which reports (1) expressed an unqualified opinion on the consolidated financial statements and financial statement schedule and include an explanatory paragraph regarding the change in accounting method in 2006 for share-based payments to conform to Statement of Financial Accounting Standard No. 123 (revised 2004), Share-Based Payment, (2) expressed an unqualified opinion on managements assessment regarding the effectiveness of internal control over financial reporting, and (3) expressed an unqualified opinion on the effectiveness of internal control over financial reporting) and have been so incorporated in reliance upon the reports of such firm given upon their authority as experts in accounting and auditing.
With respect to the unaudited condensed consolidated interim financial information for the three-month periods ended March 30, 2007 and March 31, 2006 which is incorporated herein by reference, Deloitte & Touche LLP, an independent registered public accounting firm, have applied limited procedures in accordance with the standards of the Public Company Accounting Oversight Board (United States) for a review of such information. However, as stated in their report included in the Companys Quarterly Reports on Form 10-Q for the quarter ended March 30, 2007 (which report included an explanatory paragraph regarding the adoption of Statement of Financial Accounting Standards No. 157, Fair Value Measurement, Statement of Financial Accounting Standards No. 159, The Fair Value Option for Financial Assets and Financial LiabilitiesIncluding an amendment of FASB Statement No. 115, and FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes, an Interpretation of FASB Statement No. 109.) and incorporated by reference herein, they did not audit and they do not express an opinion on that interim financial information. Accordingly, the degree of reliance on their reports on such information should be restricted in light of the limited nature of the review procedures applied. Deloitte & Touche LLP are not subject to the liability provisions of Section 11 of the Securities Act of 1933 for their reports on the unaudited condensed consolidated interim financial information because those reports are not reports or a part of the registration statement prepared or certified by an accountant within the meaning of Sections 7 and 11 of the Act.
Warning Notice EU Prospectus Directive
No Prospectus (as defined in the EU Prospectus Directive) will be prepared in connection with the Notes. Accordingly, the Notes may not be offered to the public in any European Economic Area member state and any purchaser of the Notes who subsequently sells any of their Notes in any EEA member state must do so only in accordance with the requirements of the Prospectus Directive as implemented in that member state.