Form of Medium-Term Notes, Series C, Profit Lock-In SUMmation Securities



 Exhibit 4(kk) 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED
FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY (THE “DEPOSITORY”) TO A NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITORY. UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

					
	REGISTERED No.: R-	 	CUSIP No.:	 	PRINCIPAL AMOUNT: $
			
	 	 	 MERRILL LYNCH & CO., INC.
 Medium-Term Notes, Series C
 Profit Lock-In SUMmation SecuritiesSM
 (the
“Notes”)
	 	 
			
	INDEX:	 	INDEX PUBLISHER:	 	PRICING DATE:
			
	ORIGINAL ISSUE DATE:	 	 INDEX LEVEL ON THE
 PRICING
DATE:
	 	STATED MATURITY:
			
	MONTHLY RETURN CAP:     %	 	 MONTHLY RETURN
 CALCULATION DATE:
	 	 CALCULATION AGENT:
 Merrill Lynch, Pierce,
Fenner & Smith Incorporated
 (unless otherwise specified)

			
	DEFAULT RATE:     %	 	 DENOMINATIONS:
 Integral multiples of $1,000
 (unless otherwise specified)
	 	 SPECIFIED CURRENCY:
 United States dollar

(unless otherwise specified)

			
	INDEX BUSINESS DAY:	 	OTHER PROVISIONS:	 	








 Merrill Lynch & Co., Inc., a Delaware corporation (hereinafter referred to as the
“Company”, which term includes any successor corporation under the Indenture herein referred to), for value received, hereby promises to pay to CEDE & CO., or its registered assigns, the Principal Amount plus the greater of the
Supplemental Redemption Amount (as defined below) or the Profit Lock-In Amount (as defined below) at the Stated Maturity. 
 Payment or
delivery of the Principal Amount and the greater of the Supplemental Redemption Amount or the Profit Lock-In Amount and any interest on any overdue amount thereof with respect to this Global Note shall be made at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 
 Payment at Stated Maturity 
 At the Stated Maturity, a
Holder shall receive a cash payment equal to the Principal Amount plus the greater of: 
  

	 	(i)	the Supplemental Redemption Amount 

 or 
  

	 	(ii)	the Profit Lock-In Amount. 

 The “Supplemental
Redemption Amount” equals: 
 Principal Amount x Summation Amount 
 The “Summation Amount” equals the sum of the monthly percentage increases and decreases in the level of the Index (each a “Monthly
Return”) over the term of this Global Note, subject to the Monthly Return Cap. Each Monthly Return equals: 
  

					
	(	 	 Ending Value - Starting Value
	 	)
	 	Starting Value	 

 subject to the Monthly Return Cap. 
 The “Profit Lock-In Amount” equals the greater of: 
  

	 	•	 	$0 per $1,000 principal amount of Notes if the Summation Amount never equals or exceeds 10% at any time during the term of this Global Note; 

  

	 	•	 	$100 per $1,000 principal amount of Notes if the Summation Amount equals or exceeds 10% at any time during the term of this Global Note; 

  

	 	•	 	$200 per each $1,000 principal amount of Notes if the Summation Amount equals or exceeds 20% at any time during the term of this Global Note; and 

  

	 	•	 	$300 per each $1,000 principal amount of Notes if the Summation Amount equals or exceeds 30% at any time during the term of this Global Note. 

 The Calculation Agent shall determine each Monthly Return on each Monthly Return Calculation Date or, if any such day is not an Index Business Day (as
defined below), the next succeeding day that is an Index Business Day, except as described herein, by determining the percentage change in the closing level of the Index on such Monthly Return Calculation Date relative to the closing level of the
Index on the immediately preceding Monthly Return Calculation Date, or, in the case of the first Monthly Return Calculation Date, the Pricing Date. Each such Monthly Return (subject to the Monthly Return Cap) shall be added to (or in the case of
decreases, subtracted from) the Summation Amount. 
 The “Starting Value” shall equal the closing level of the Index on the
immediately preceding Monthly Return Calculation Date. For purposes of determining the Monthly Return on the initial Monthly Return Calculation Date, the Starting Value shall equal the Index level on the Pricing Date as set forth on the face hereof.








 The “Ending Value” shall equal the closing level of the Index on the Monthly Return Calculation
Date for which the Monthly Return is being determined; provided, however, that when determining the Ending Value for the final Monthly Return Calculation Date, the Ending Value shall be determined by the Calculation Agent, regardless of the
occurrence of a Market Disruption Event (as defined below) on that day. 
 All determinations made by the Calculation Agent shall be, absent
a determination of a manifest error, shall be conclusive for all purposes and binding on the Company and the Holders and beneficial owners of this Global Note. 
 Adjustments to the Index; Market Disruption Events 
 If at any time the Index Publisher makes a material change in the
formula for or the method of calculating the Index or in any other way materially modifies the Index so that the Index does not, in the opinion of the Calculation Agent, fairly represent the level of the Index had those changes or modifications not
been made, then, from and after that time, the Calculation Agent shall, at the close of business in New York, New York, on each date that the closing level of the Index is to be calculated, make any adjustments as, in the good faith judgment of the
Calculation Agent, may be necessary in order to arrive at a calculation of a level of a stock index comparable to the Index as if those changes or modifications had not been made, and calculate the closing level with reference to the Index, as so
adjusted. 
 “Market Disruption Event” means either of the following events as determined by the Calculation Agent: 
  

	 	(A)	the suspension of or material limitation on trading for more than two hours of trading, or during the one-half hour period preceding the close of trading, on the applicable exchange
(without taking into account any extended or after-hours trading session), in 20% or more of the stocks which then comprise the Index or any Successor Index; or 

  

	 	(B)	the suspension of or material limitation on trading for more than two hours of trading, or during the one-half hour period preceding the close of trading, on the applicable exchange
(without taking into account any extended or after-hours trading session), whether by reason of movements in price otherwise exceeding levels permitted by the applicable exchange or otherwise, in option contracts or futures contracts related to the
Index, or any Successor Index. 

 For the purpose of determining whether a Market Disruption Event has occurred: 
  

	 	(1)	a limitation on the hours in a trading day and/or number of days of trading shall not constitute a Market Disruption Event if it results from an announced change in the regular
business hours of the applicable exchange; 

  

	 	(2)	a suspension in trading in a futures or option contract on the Index, or any Successor Index, by a major securities market by reason of (a) a price change violating limits set
by that securities market, (b) an imbalance of orders relating to those contracts or (c) a disparity in bid and ask quotes relating to those contracts shall constitute a suspension of or material limitation on trading in futures or option
contracts related to that index; 

  

	 	(3)	a suspension of or material limitation on trading on the relevant exchange shall not include any time when that exchange is closed for trading under ordinary circumstances; and


  

	 	(4)	for the purpose of clause (A) above, any limitations on trading during significant market fluctuations under NYSE Rule 80B, or any applicable rule or regulation enacted or
promulgated by the NYSE or any other self regulatory organization or the Securities and Exchange Commission of similar scope as determined by the Calculation Agent, shall be considered “material”. 

 Discontinuance of the Index 
 If the Index Publisher
discontinues publication of the Index and the Index Publisher or another entity publishes a successor or substitute index that the Calculation Agent determines, in its sole discretion, to be comparable to the Index (a “Successor Index”),
then, upon the Calculation Agent’s notification of that determination to the Trustee (as defined below) and the Company, the Calculation Agent shall substitute such Successor Index as 








 
calculated by the Index Publisher or any other entity for the Index and calculate the Monthly Returns as described above under “Payment at Stated
Maturity”. Upon any selection by the Calculation Agent of a Successor Index, the Company shall cause notice to be given to Holders of this Global Note. 
 In the event that the Index Publisher discontinues publication of the Index and: 
  

	 	•	 	the Calculation Agent does not select a Successor Index; or 

  

	 	•	 	the Successor Index is no longer published, 

 the Calculation Agent shall
compute a substitute level for the Index in accordance with the procedures last used to calculate the Index before any discontinuance. If a Successor Index is selected or the Calculation Agent calculates a level as a substitute for the Index as
described below, the Successor Index or level shall be used as a substitute for the Index for all purposes, including the purpose of determining whether a Market Disruption Event exists. 
 If the Index Publisher discontinues publication of the Index before a Monthly Return Calculation Date and the Calculation Agent determines that no
Successor Index is available at that time, then on each Business Day (as defined below) until the earlier to occur of: 
  

	 	•	 	the determination of the Ending Value; or 

  

	 	•	 	a determination by the Calculation Agent that a Successor Index is available, 

 the Calculation Agent shall determine the value that would be used in computing the Monthly Return as described in the preceding paragraph as if that day were a Monthly Return Calculation Day. The Calculation Agent shall cause notice of
each value to be published not less often than once each month in The Wall Street Journal or another newspaper of general circulation and arrange for information with respect to these values to be made available by telephone. 
 A “Business Day” is any day that is either (i) an Index Business Day or (ii) a day on which the relevant exchanges listing the stocks
of companies used to calculate a substitute level of the Index following a discontinuance, as discussed above, are open for trading. 
 General

 All percentages resulting from any calculation on the Notes shall be rounded to the nearest one hundred-thousandth of a percentage
point, with five one-millionths of a percentage point rounded upwards. For example, 9.876545% (or .09876545) would be rounded to 9.87655% (or .0987655). All dollar amounts used in or resulting from any calculation shall be rounded to the nearest
cent with one-half cent being rounded upward. 
 This Global Note is one of a duly authorized issue of the Company’s Medium-Term Notes,
Series C, Due Nine Months or More from Date of Issue and designated as Profit Lock-In SUMmation SecuritiesSM which
are due at the Stated Maturity. The Notes are issued and to be issued under an indenture dated as of April 1, 1983, as amended and restated (the “Indenture”), between the Company and JPMorgan Chase Bank, N.A. (herein called the
“Trustee”, which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights thereunder of the Company, the Trustee
and the Holders of the Notes and the terms upon which the Notes are to be authenticated and delivered. 
 Unless the certificate of
authentication hereon has been executed by or on behalf of the Trustee with respect to the Notes under the Indenture, or its successor thereunder, by the manual signature of one of its authorized officers, this Global Note shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose. 
 The Notes are issuable only in registered form without coupons
in the Denominations specified above. As provided in the Indenture and subject to certain limitations therein set forth, this Global Note is exchangeable for certificates representing Notes of like tenor and of an equal Principal Amount as requested
by the Holder surrendering the same. If (x) the Depository is at any time unwilling or unable to continue as depository and a successor depository is not appointed by the Company within 60 days, (y) the Company executes and delivers to the
Trustee a Company Order to the effect that this Global Note shall be exchangeable or (z) an Event of Default has occurred and is continuing with respect to this Global Note, this Global Note shall be exchangeable for certificates representing
the Notes in definitive form of like tenor and of an equal Principal Amount, in authorized denominations. Such definitive Notes shall be registered in such name or names as the Depository shall instruct the Trustee. If definitive Notes are so
delivered, the Company may make such changes to the form of this Global Note as are necessary or appropriate to allow for the issuance of such definitive Notes. 







 In case an Event of Default with respect to this Global Note shall have occurred and be continuing, the
amount payable to a Holder of this Global Note upon any acceleration permitted by the Notes, with respect to the Principal Amount of this Global Note, shall be equal to the Principal Amount plus the greater of the Supplemental Redemption Amount or
the Profit Lock-In Amount, calculated as though the date of acceleration were the Stated Maturity and the final Monthly Return Calculation Date of this Global Note. 
 In case of default in payment of this Global Note, whether at the Stated Maturity or upon acceleration, from and after such date this Global Note shall bear interest, payable upon demand of the Holders thereof, at the
Default Rate, to the extent that such payment of interest shall be legally enforceable on the unpaid amount due and payable on such date in accordance with the terms of this Global Note to the date payment of such amount has been made or duly
provided for. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than 66 2/3% in aggregate principal amount of the Securities at the time outstanding of each series affected thereby. Holders of specified percentages in aggregate principal amount of the Securities of each series at the time outstanding, on
behalf of the Holders of all Securities of each series, are permitted to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Global Note shall be conclusive and binding upon such Holder and upon all future Holders of this Global Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent or waiver is made upon this Global Note. 
 No reference herein to the Indenture and no provision of this
Global Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the Principal Amount plus the greater of the Supplemental Redemption Amount or the Profit Lock-In Amount hereof and
interest on this Global Note, if any, at the time, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the
Indenture and subject to certain limitations set forth therein and on the face hereof, the transfer of this Global Note may be registered on the Security Register of the Company, upon surrender of this Global Note for registration of transfer at the
office or agency of the Company in the Borough of Manhattan, The City of New York, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company duly executed by, the Holder hereof or by his attorney duly
authorized in writing, and thereupon one or more new certificates representing the Notes of authorized denominations, of like tenor and for the same Principal Amount shall be issued to the designated transferee or transferees. 
 Prior to due presentment of this Global Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Global Note is registered as the owner hereof for all purposes, whether or not this Global Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge payable in connection therewith. 
 The Company and each Holder and beneficial owner by
acceptance hereof hereby agree to treat this Global Note for all tax purposes as a debt instrument that is subject to U.S. Treasury Regulation section 1.1275-4(b) governing contingent payment debt instruments, and, where required, the Company shall
file information returns with the Internal Revenue Service in accordance with this treatment, in the absence of any change or clarification in the law, by regulation or otherwise, requiring a different characterization of the Notes. 
 The Indenture and this Global Note shall be governed by and construed in accordance with the laws of the State of New York. 
 All terms used in this Global Note which are defined in the Indenture but not in this Global Note shall have the meanings assigned to them in the
Indenture. 







 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 
 Dated: 
  

									
	CERTIFICATE OF AUTHENTICATION	 		 	Merrill Lynch & Co., Inc.
	This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.	 	  
 [Copy of Seal]
	 		 	
		 		 		 		 	
	JPMorgan Chase Bank, N.A., as Trustee	 		 	By:	 	  
		 		 		 		 	Assistant Treasurer
					
	By:	 	  	 		 	Attest:	 	  
		 	Authorized Officer	 		 		 	Secretary








 ASSIGNMENT/TRANSFER FORM 
 FOR VALUE RECEIVED the undersigned registered Holder hereby sell(s), assign(s) and transfer(s) unto (insert Taxpayer
Identification No.)                                   
                                        
                                        
                                        
                                        
                           
                                       
                                        
                                        
                     
 (Please print or typewrite name
and address including postal zip code of assignee) 
                                       
                                        
                                        
                     
 the within Note and all rights
thereunder, hereby irrevocably constituting and appointing
                                       
      attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 
  

			
	Date:                                 	    	  

		    	NOTICE: The signature of the registered Holder to this assignment must correspond with the name as written upon the face of the within instrument in every particular, without alteration or
enlargement or any change whatsoever.