Document:

Form of Merrill Lynch Core Notes

 Exhibit 4(nn) 
  
 MERRILL LYNCH CORENOTESM, a 
 MERRILL LYNCH NOTE 
 DUE NINE MONTHS OR MORE FROM DATE OF ISSUE 
  
 THIS NOTE IS A GLOBAL
SECURITY 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 NOTES 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 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.
___________
	 	 CUSIP No.:
 ____________________________
	 	 PRINCIPAL AMOUNT:
 ____________________________

			
	 	 	MERRILL LYNCH & CO., INC.	 	 
			
	 	 	 Merrill Lynch CoreNotesSM, a series of
 MERRILL LYNCH
NOTES
 Due Nine Months or More from Date of Issue
	 	 
			
	ORIGINAL ISSUE DATE:	 	INTEREST RATE: %	 	STATED MATURITY DATE:
			
	 INTEREST PAYMENT
 DATE(S):
	 	RECORD DATE:	 	[   ] CHECK IF DISCOUNT NOTE
	[   ] Monthly	 	 	 	Issue Price:     %
	[   ] Quarterly	 	I	 	 
	[   ] Semiannually	 	 	 	 
	[   ] Annually	 	 	 	 
			
	REDEMPTION DATE(S):	 	SURVIVOR’S OPTION:	 	 
	 	 	[   ] Applicable to this Note	 	 
	 	 	[   ] Not Applicable to this Note	 	 
	 	 	  
 AUTHORIZED DENOMINATION:
	 	 
	 	 	[   ] $1,000 and integral multiples thereof	 	 
	 	 	[   ] Other:	 	 
	  
 ADDENDUM ATTACHED:
	 	  
 OTHER/ADDITIONAL PROVISIONS:
	 	 
	 [   ] Yes
 [   ]
No
	 	 	 	 

  
  

 MERRILL LYNCH & CO., INC., a Delaware corporation (the “Company”, which term includes any
successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the Principal Amount of 
  
 DOLLARS on the Stated Maturity Date specified above (except to the extent redeemed or repaid prior to the Stated Maturity
Date), and to pay interest thereon (and on any overdue principal, premium and/or interest to the extent legally enforceable) at the Interest Rate per annum specified above, until the principal hereof is paid or duly made available for payment in
such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. “Maturity Date” means the date on which the Principal Amount of this Note becomes due and payable in full in
accordance with its terms and the terms of the Indenture, whether at the Stated Maturity Date or earlier by declaration of acceleration, call for redemption, repayment or otherwise. References herein to “this Note”, “hereof”,
“herein” and comparable terms shall include an Addendum hereto if an Addendum is specified above. 
  
 The Company will pay interest in arrears on each Interest Payment Date (as defined below), if any, commencing with the first Interest Payment Date next
succeeding the Original Issue Date specified above, and on the Maturity Date; provided, however, that if the Original Issue Date occurs between a Record Date (as defined below) and the next succeeding Interest Payment Date, interest
payments will commence on the second Interest Payment Date next succeeding the Original Issue Date to the registered holder (the “Holder”) of this Note on the Record Date with respect to such second Interest Payment Date. If Monthly
Interest Payment Dates are specified above, the Interest Payment Dates for this Note shall be the 15th day of each
calendar month beginning in the calendar month that next succeeds the month in which the Original Issue Date occurs; if Quarterly Interest Payment Dates are specified above, the Interest Payment Dates for this Note shall be the 15th day of every third month beginning in the third calendar month that next succeeds the month in which the Original Issue Date
occurs; if Semiannual Interest Payment Dates are specified above, the Interest Payment Dates for this Note shall be the 15th day of every sixth month beginning in the sixth calendar month following the month in which the Original Issue Date occurs; and if Annual Interest Payment Dates are specified above, the Interest Payment Dates for this Note shall be
the 15th day of each twelfth month beginning in the twelfth calendar month following the month in which the Original
Issue Date occurs. Interest on this Note will be computed on the basis of a 360-day year of twelve 30-day months. 
  
 Interest on this Note will accrue from, and including, the immediately preceding Interest Payment Date to which interest has been paid or duly provided
for (or from, and including, the Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the applicable Interest Payment Date or the Maturity Date, as the case may be. The interest so payable, and punctually paid or
duly provided for, on any Interest Payment Date will, subject to certain exceptions described herein, be paid to the person in whose name this Note (or one or more predecessor Notes, as defined on the reverse hereof) is registered at the close of
business on the first day of the calendar month (whether or not a Business Day, as defined below) in which such Interest Payment Date occurs (the “Record Date”); provided, however, that interest payable on the Maturity Date
will be payable to the person to whom the principal hereof and premium, if any, hereon shall be payable. Any such interest not so punctually paid or duly provided for on any Interest Payment Date other than the Maturity Date (“Defaulted
Interest”) 

 shall forthwith cease to be payable to the Holder on the close of business on any Record Date and, instead, shall be paid
to the person in whose name this Note is registered at the close of business on a special record date (the “Special Record Date”) for the payment of such Defaulted Interest to be fixed by the Trustee hereinafter referred to, notice whereof
shall be given to the Holder of this Note by the Trustee not less than 10 calendar days prior to such Special Record Date or may be paid at any time in any other lawful manner, all as more fully provided for in the Indenture. 
  
 Payment of principal, premium, if any, and interest in respect of this Note
due on the Maturity Date will be made in immediately available funds upon presentation and surrender of this Note (and, with respect to any applicable repayment of this Note, upon delivery of instructions as contemplated on the reverse hereof) at
the office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York. Payment of interest due on any Interest Payment Date other than the Maturity Date will be made at the aforementioned office or agency
maintained by the Company or, at the option of the Company, by check mailed to the address of the person entitled thereto as such address shall appear in the Security Register maintained by the Trustee on the record date; provided,
however, that a Holder of U.S.$10,000,000 or more in aggregate principal amount of Notes (whether having identical or different terms and provisions) will be entitled to receive interest payments on such Interest Payment Date by wire transfer
of immediately available funds if such Holder has delivered appropriate wire transfer instructions in writing to the Trustee not less than 15 calendar days prior to such Interest Payment Date. Any such wire transfer instructions received by the
Trustee shall remain in effect until revoked by such Holder. 
  
 If any Interest Payment Date or the Maturity Date of this Note falls on a day that is not a Business Day (as defined), the required payment of principal, premium, if any, and/or interest shall be made on the next succeeding Business Day and
no interest shall accrue with respect to the payment for the period from and after such Interest Payment Date or the Maturity Date, as the case may be, to the date of such payment on the next succeeding Business Day. 
  
 As used herein, “Business Day” means any day, other than a Saturday
or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close in The City of New York. 
  
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof and, if so specified on the
face hereof, in an Addendum hereto, which further provisions shall have the same force and effect as if set forth on the face hereof. 
  
 Notwithstanding the foregoing, if an Addendum is attached hereto or “Other/Additional Provisions” apply to this Note as specified above, this
Note shall be subject to the terms set forth in such Addendum or such “Other/Additional Provisions”. 
  
 Unless the Certificate of Authentication hereon has been executed by the Trustee by manual signature, this Note shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed, manually or in facsimile,
and an imprint or facsimile of its corporate seal to be imprinted hereon. 
  
 Dated:                          
  

	 	 	 	 	MERRILL LYNCH & CO., INC.
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	 Russell L. Stein
 Treasurer

  
 [FACSIMILE OF SEAL] 

 

	 	 	 	 	Attest:
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	 Judith A. Witterschein
 Secretary

  

	 CERTIFICATE OF AUTHENTICATION
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.
  
 JPMORGAN CHASE BANK,
 as Trustee

		
	By:	 	 
	 	

	 	 	Authorized Officer

 [REVERSE OF NOTE] 
  

MERRILL LYNCH & CO., INC. 
  
 MERRILL LYNCH CORENOTESM,
a 
 MERRILL LYNCH NOTE 
 DUE NINE MONTHS OR MORE FROM DATE OF ISSUE 
  
 This Note is one of a duly authorized series of Securities (the “Securities”) of the Company designated as its Merrill Lynch Notes Due Nine Months or More from Date of Issue (the “Notes”). The Notes are issued and to be
issued under an Indenture, dated as of October 1, 1993, as amended, modified or supplemented from time to time (the “Indenture”), between the Company and JPMorgan Chase Bank, as trustee (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, limitations of rights, duties and immunities thereunder of the Company, the Trustee
and the Holders of the Notes, and of the terms upon which the Notes are, and are to be, authenticated and delivered. All terms used but not defined in this Note or in an Addendum hereto shall have the meanings assigned to such terms in the Indenture
or on the face hereof, as the case may be. 
  
 This Note is
issuable only in registered form without coupons in minimum denominations of U.S. $1,000 and integral multiples thereof or other Authorized Denomination specified on the face hereof. 
  
 This Note shall be exchangeable for Notes in definitive form of like tenor and terms and of an equal aggregate principal
amount, in the Authorized Denomination specified on the face hereof only if (x) the Depository is at any time unwilling or unable to continue as depository or the depository has ceased to become a clearing agency under the Exchange Act and a
successor depository is not appointed by the Company within 60 calendar days, (y) the Company executes and delivers to the Trustee a Company Order to the effect that this Note shall be exchangeable or (z) an Event of Default has occurred and is
continuing with respect to the Notes under the Indenture. 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 Note as are necessary or appropriate to allow for the issuance of such definitive Notes. 
  
 This Note will not be subject to any sinking fund and, unless otherwise specified on the face hereof in accordance with the provisions described below,
will not be redeemable or repayable prior to the Stated Maturity Date. 
  
 This Note will be subject to redemption at the option of the Company on the Redemption Dates, if any, specified on the face hereof, in whole or from time to time in part in increments of U.S. $1,000 or other integral multiple of an
Authorized Denomination (provided that any remaining principal amount hereof shall be at least U.S. $1,000 or such other minimum Authorized Denomination), at a Redemption Price equal to 100% of the unpaid principal amount to be redeemed, together
with unpaid interest accrued thereon to the applicable Redemption 

 Date, on written notice given to the Holder hereof (in accordance with the provisions of the Indenture) not more than 60
nor less than 30 calendar days prior to the applicable Redemption Date. In the event of redemption of this Note in part only, a new Note of like tenor for the unredeemed portion hereof and otherwise having the same terms and provisions as this Note
shall be issued by the Company in the name of the Holder hereof upon the presentation and surrender hereof. If no Redemption Dates are specified on the face hereof, this Note may not be redeemed at the option of the Company prior to the Stated
Maturity Date. 
  
 If the Survivor’s Option is specified on
the face hereof as being applicable to this Note, the Representative (as defined below) of a deceased beneficial owner of this Note or a beneficial interest in this Note shall have the option to elect repayment of this Note in whole or in part
following the death of such owner. “Representative” means the representative of a deceased beneficial owner of the Note or a beneficial interest in this Note that has authority to act on behalf of the deceased beneficial owner of this Note
under the laws of the appropriate jurisdiction (including, without limitation, the personal representative, executor, surviving joint tenant or surviving tenant by the entirety of such deceased beneficial owner). Unless specifically provided on the
face hereof or in an Addendum hereto, the Survivor’s Option may not be exercised prior to the date that is six months after the acquisition of this Note, or a beneficial interest in this Note, by the deceased beneficial owner. If the
Survivor’s Option is specified on the face hereof as not being applicable to this Note, this Note may not be repaid at the option of a deceased beneficial owner hereof prior to the Stated Maturity Date. 
  
 Upon exercise of the Survivor’s Option, the Company shall repay this
Note (or portion hereof) in an amount that is not less than $1,000, provided that any remaining principal amount shall be an Authorized Denomination, at a price equal to 100% of the principal amount of the beneficial interest of the deceased owner
in this Note being repaid, plus accrued interest to, but excluding, the date of such repayment. 
  
 Notwithstanding the foregoing, the Company may, in its sole discretion, limit the aggregate principal amount of Notes (or portions thereof) as to which
exercises of the Survivor’s Option shall be accepted in any calendar year (the “Annual Put Limitation”) to an amount equal to the greater of (i) $5,000,000, or (ii) 5% of the principal amount of all Notes Outstanding (as defined in
the Indenture) as of the end of the most recent calendar year. The Company may also, in its sole discretion, limit the aggregate principal amount of Notes (or portions thereof) as to which exercise of the Survivor’s Option shall be accepted in
any calendar year with respect to any individual deceased owner of beneficial interests in the Notes to $500,000 (the “Individual Put Limitation”). 
  
 A valid exercise of the Survivor’s Option with respect to this Note is irrevocable and, after such exercise, this Note (or portion hereof) may not be
transferred prior to repayment by the Company. 
  
 For so long as
this Note is represented by a Global Security, the Depository or its nominee shall be the Holder hereof and therefore the Depository shall be the only entity that can exercise the Survivor’s Option with respect to this Note by delivery of the
Option to Elect Repayment pursuant to the Survivor’s Option, the form of which is attached hereto. To obtain repayment pursuant to exercise of the Survivor’s Option with respect to this Note, the 

 Representative must provide to the Depository’s participant through which the beneficial interest in this Note is
held: (i) a written instruction to such participant to notify the Depository of the Representative’s desire to exercise the Survivor’s Option, (ii) appropriate evidence satisfactory to the Company and the Trustee that (A) the deceased was
the owner of a beneficial interest in this Note at the time of death, (B) the death of the beneficial owner hereof has occurred and (C) the Representative has authority to act on behalf of the deceased beneficial owner, (iii) if the beneficial
interest in this Note is held by a nominee of the deceased beneficial owner, a certificate satisfactory to the Company and the Trustee from such nominee attesting to the deceased’s ownership of a beneficial interest in this Note, (iv) a duly
completed “Repayment Election Form”, a copy of which is attached to this Note as Annex A, (v) if applicable, a properly executed assignment or endorsement, (vi) tax waivers and any other instruments or documents that the Company or
the Trustee reasonably requires in order to establish the validity of ownership of the beneficial interest in this Note and the Representative’s entitlement to payment and (vii) any additional information the Company or the Trustee requires to
document ownership or authority to exercise the Survivor’s Option and to cause the repayment of this Note (or portion thereof). The participant shall deliver to the Trustee (i) each of the documents described in the immediately preceding
sentence together with a certificate satisfactory to the Trustee from such participant stating that it represents the deceased beneficial owner of this Note or a beneficial interest in this Note. 
  
 The participant shall be responsible for disbursing any payments it receives
from the Trustee pursuant to exercise of the Survivor’s Option to the appropriate Representative. 
  
 Subject to the Company’s right hereunder to limit the aggregate principal amount of Notes as to which exercises of the Survivor’s Option shall
be accepted in any one calendar year, all other questions regarding the eligibility or validity of any exercise of the Survivor’s Option with respect to this Note shall be determined by the Trustee, in its sole discretion, which determination
shall be final and binding on all parties. In making any determinations hereunder, the Trustee may elect, in the exercise of its own discretion, to consult with Company personnel and seek the advice of the Company, but it is in no way obligated to
do so. The Trustee may rely on any advice provided to it by the Company in connection herewith. 
  
 Each Note (or portion thereof) that is tendered pursuant to valid exercise of the Survivor’s Option shall be accepted promptly in the order received
by the Trustee, except for any Note (or portion thereof) the acceptance of which would contravene (i) the Annual Put Limitation, if applied, or (ii) the Individual Put Limitation, if applied. Each Note (or portion thereof) that has been
tendered for repayment in connection with the exercise of the Survivor’s Option that is not accepted by the Trustee in any calendar year because such acceptance would have contravened either the Annual Put Limitation or the Individual Put
Limitation shall be deemed to be tendered on the first day of the following calendar year in the order all such Notes (or portions thereof) were originally tendered. Notes (or portion thereof) accepted for repayment pursuant to exercise of the
Survivor’s Option shall be repaid no later than the first Interest Payment Date that occurs at least 20 calendar days after the date of such acceptance. In the event that a Note (or any portion thereof) tendered for repayment pursuant to valid
exercise of the Survivor’s Option is not accepted, the Trustee shall deliver a written notice by first-class mail to the registered Holder thereof at its last known address as indicated in the Security Register, that states the reason such Note
(or portion thereof) has not been accepted for payment. 

 For purposes of the Survivor’s Option, the death of a person owning this Note in joint tenancy or
tenancy by the entirety with another or others shall be deemed the death of the Holder hereof, and the entire Principal Amount hereof shall be subject to repayment. The death of a person owning this Note by tenancy in common shall be deemed the
death of a Holder hereof only with respect to the deceased Holder’s interest in this Note; except that in the event this Note is held by husband and wife as tenants in common, the death of either shall be deemed the death of the Holder hereof,
and the entire principal amount of this Note so held shall be subject to repayment. The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial interests of ownership of this Note, shall be deemed the
death of the Holder hereof for purposes of this provision, regardless of the registered Holder, if such beneficial interest can be established to the satisfaction of the Trustee. Such beneficial interest shall be deemed to exist in typical cases of
nominee ownership, ownership under the Uniform Transfers or Gifts to Minors Act, community property or other joint ownership arrangements between a husband and wife and custodial and trust arrangements where one person has substantially all of the
beneficial ownership interest in this Note during his or her lifetime. 
  
 Notes beneficially owned by a trust will be regarded as beneficially owned by each beneficiary of the trust to the extent of that beneficiary’s interest in the trust. The death of a beneficiary of a trust will be deemed the death of
the beneficial owner of the Notes beneficially owned by the trust to the extent of that beneficiary’s interest in the trust. The death of an individual who was a tenant by the entirety or joint tenant in a tenancy which is the beneficiary of a
trust will be deemed the death of the beneficiary of the trust. The death of an individual who was a tenant in common in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust only with respect to the
deceased holder’s beneficial interest in the Note, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the death of the beneficiary of the trust. 
  
 If this Note is specified on the face hereof to be a Discount Note, the
amount payable to the Holder of this Note in the event of redemption, repayment or acceleration of maturity will be equal to the sum of (1) the Issue Price specified on the face hereof (increased by any accruals of the Discount, as defined below)
and (2) any unpaid interest accrued thereon to the Redemption Date, or date of acceleration of maturity, as the case may be. The difference between the Issue Price and 100% of the principal amount of this Note is referred to herein as the
“Discount”. 
  
 For purposes of determining the amount
of Discount that has accrued as of any Redemption Date or date of acceleration of maturity of this Note, such Discount will be accrued so as to cause the yield on the Note to be constant. The constant yield will be calculated using a 30-day month,
360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between Interest Payment Dates (with ratable accruals within a compounding period) and an assumption that the
maturity of this Note will not be accelerated. If the period from the Original Issue Date to the initial Interest Payment Date (the “Initial Period”) is shorter than the compounding period for this Note, a proportionate amount of the yield
for an entire compounding period will be accrued. If the Initial Period is longer than the compounding period, then such period will be divided into a regular compounding period and a short period, with the short period being treated as provided in
the preceding sentence. 

 If an Event of Default shall occur and be continuing, the principal of the Notes may, and in certain
cases shall, be accelerated in the manner and with the effect provided in the Indenture. 
  
 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 a 662/3% of the aggregate principal amount of the Securities at the time Outstanding, as defined in the
Indenture, of each series affected thereby. The Indenture also contains provisions permitting the 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 the Securities of each series, 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 Note shall be
conclusive and binding upon such Holder and upon all future Holders of this 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 Note. 
  
 No reference herein to the Indenture and no
provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay principal, premium, if any, and interest in respect of this Note at the times, places and rate or formula,
and in the coin or currency, herein prescribed. 
  
 As provided in
the Indenture and subject to certain limitations therein and herein set forth, the transfer of this Note is registrable in the Security Register of the Company upon surrender of this 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 Notes of Authorized Denominations and for the same aggregate principal amount, will be issued by the Company to the designated transferee or transferees. 
  
 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. 
  
 Prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Holder as the owner hereof for all purposes, whether or not this
Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary, except as required by law. 
  
 THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 All terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture. 

 ABBREVIATIONS 
  
 The following abbreviations, when used in the inscription on the face of this Note, shall be construed as though they were written out in full according
to applicable laws or regulations: 
  

	TEN COM	 	—  as tenants in common	 	UNIF GIFT MIN ACT	 	-______Custodian_______
	TEN ENT	 	—  as tenants by the entireties	 	 	 	(Cust)                     (Minor)
	JT TEN	 	 —  as joint tenants with right of
       survivorship and not as
       tenants in
common
	 	 	 	 under Uniform Gifts to
 Minors
  
 Act__________________
                     (State)

  
 Additional
abbreviations may also be used though not in the above list. 
  

  
 ASSIGNMENT/TRANSFER FORM 
  
 FOR VALUE RECEIVED, the undersigned 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.

 ANNEX A 
  
 REPAYMENT ELECTION FORM 
  
 MERRILL LYNCH & CO., INC. 
  
 MERRILL LYNCH CORENOTESSM 
  
 CUSIP NUMBER _______________ 
  
 To: Merrill Lynch & Co., Inc. 
  
 The undersigned financial institution (the “Financial Institution”)
represents the following: 
  

	 	Ÿ	 	The Financial Institution has received a request for repayment from the executor or other authorized representative (the “Authorized Representative”) of the deceased
beneficial owner listed below (the “Deceased Beneficial Owner”) of              Merrill Lynch Notes (CUSIP No.
                         ) (the “Notes”). 

  

	 	Ÿ	 	At the time of his or her death, the Deceased Beneficial Owner owned Notes in the principal amount listed below, and the Financial Institution currently holds such Notes as a direct
or indirect participant in The Depository Trust Company (the “Depository”). 

  
 The Financial Institution agrees to the following terms: 
  

	 	Ÿ	 	The Financial Institution shall follow the instructions (the “Instructions”) accompanying this Repayment Election Form (the “Form”). 

  

	 	Ÿ	 	The Financial Institution shall make all records specified in the Instructions supporting the above representations available to Merrill Lynch & Co., Inc. (the
“Company”) for inspection and review within five Business Days of the Company’s request. 

  

	 	Ÿ	 	If the Financial Institution or the Company, in either’s reasonable discretion, deems any of the records specified in the Instructions supporting the above representations
unsatisfactory to substantiate a claim for repayment, the Financial Institution shall not be obligated to submit this Form, and the Company may deny repayment. If the Financial Institution cannot substantiate a claim for repayment, it shall notify
the Company immediately. 

  

	 	Ÿ	 	Other than as described in the prospectus supplement in the limited situation involving tenders of Notes that are not accepted during one calendar year as a result of the Annual Put
Limitation, repayment elections may not be withdrawn. 

  

	 	Ÿ	 	The Financial Institution agrees to indemnify and hold harmless the Company against and from any and all claims, liabilities, costs, losses, expenses, suits and damages resulting
from the Financial Institution’s above representations and request for repayment on behalf of the Authorized Representative. 

  
 REPAYMENT ELECTION FORM 
  
 (1) 
 ________________________________________________ 
     Name of Deceased Beneficial Owner 

 (2) 
 ________________________________________________ 
                                     Date of Death

  
 (3) 
 ________________________________________________ 
     Name of Authorized Representative Requesting
Repayment 
  
 (4) 
 ________________________________________________ 
         Name of Financial
Institution Requesting Repayment 
  
 (5) 
 ________________________________________________ 
 Signature of Representative
of Financial Institution Requesting Repayment 
  
 (6) 
 ________________________________________________ 
                 Principal Amount of Requested Repayment 
  
 (7) 
 ________________________________________________ 
                                     Date of Election

  
 (8) 
 ________________________________________________ 
                         Date Requested for Repayment 
  
  
 (9) Financial Institution Representative: 
       Name: 
       Phone Number: 
       Fax Number: 
       Mailing Address (no P.O. Boxes): 
  
  
 (10) Wire instructions for payment: 
         Bank Name: 
         ABA Number: 
         Account Name: 
         Reference (optional): 
  
  
 TO BE COMPLETED BY THE COMPANY: 
  
 (A) Election Number*: 
 (B) Delivery and Payment
Date: 
 (C) Principal Amount: 
 (D) Accrued Interest: 

 (E) Date of Receipt of Form by the Company: 
 (F) Date of Acknowledgment by the Company: 
  
 —————————— 
  

	*	To be assigned by the Company upon receipt of this Form. An acknowledgement, in the form of a copy of this document with the assigned Election Number, will be returned to the party
and location designated on line (9) above. 

  
  
 INSTRUCTIONS FOR COMPLETING REPAYMENT ELECTION FORM 
 AND EXERCISING SURVIVOR’S OPTION 
  
 Capitalized
terms used and not defined herein have the meanings defined in the accompanying Repayment Election Form. 
  

	1.	Collect and retain for a period of at least three years (1) satisfactory evidence of the authority of the Authorized Representative, (2) satisfactory evidence of death of the
Deceased Beneficial Owner, (3) satisfactory evidence that the Deceased Beneficial Owner beneficially owned, at the time of his or her death, the Notes being submitted for repayment pursuant to the Survivor Option, and (4) any necessary tax waivers.
For purposes of determining whether the Company will deem Notes beneficially owned by an individual at the time of death, the following rules shall apply: 

  

	 	—	Notes beneficially owned by tenants by the entirety or joint tenants will be regarded as beneficially owned by a single owner. The death of a tenant by the entirety or joint tenant
will be deemed the death of the beneficial owner, and the Notes beneficially owned will become eligible for repayment. The death of a person beneficially owning a Note by tenancy in common will be deemed the death of a holder of a Note only with
respect to the deceased holder’s interest in the Note so held by tenancy in common, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the death of the holder of the Note, and the entire
principal amount of the Note so held will be eligible for repayment. 

  

	 	—	Notes beneficially owned by a trust will be regarded as beneficially owned by each beneficiary of the trust to the extent of that beneficiary’s interest in the trust (however,
a trust’s beneficiaries collectively cannot be beneficial owners of more Notes than are owned by the trust). The death of a beneficiary of a trust will be deemed the death of the beneficial owner of the Notes beneficially owned by the trust to
the extent of that beneficiary’s interest in the trust. The death of an individual who was a tenant by the entirety or joint tenant in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust. The
death of an individual who was a tenant in common in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust only with respect to the deceased holder’s beneficial interest in the Note, unless a
husband and wife are the tenants in common, in which case the death of either will be deemed the death of the beneficiary of the trust. 

  

	 	—	The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial interest in a Note will be deemed the death of the beneficial owner of
that Note, regardless of the registration of ownership, if such beneficial interest can be established to the satisfaction of the Trustee. Such beneficial interest will exist in many cases of street name or nominee ownership, ownership by a trustee,
ownership under the Uniform Gift to Minors Act and community property or other joint ownership arrangements between spouses. Beneficial interest will be evidenced by such factors as the power to sell or otherwise dispose of a Note, the right to
receive the proceeds of sale or disposition and the right to receive interest and principal payments on a Note. 

  

	2.	Indicate the name of the Deceased Beneficial Owner on line (1). 

	3.	Indicate the date of death of the Deceased Beneficial Owner on line (2). 

  

	4.	Indicate the name of the Authorized Representative requesting repayment on line (3). 

  

	5.	Indicate the name of the Financial Institution requesting repayment on line (4). 

  

	6.	Affix the authorized signature of the Financial Institution’s representative on line (5). THE SIGNATURE 

 MUST BE MEDALLION SIGNATURE GUARANTEED. 
  

	7.	Indicate the principal amount of Notes to be repaid on line (6). 

  

	8.	Indicate the date this Form was completed on line (7). 

  

	9.	Indicate the date of requested repayment on line (8). The date of requested repayment may not be earlier than the first Interest Payment Date to occur at least 20 calendar days
after the date of the Company’s acceptance of the Notes for repayment, unless such date is not a Business Day, in which case the date of requested payment may be no earlier than the next succeeding Business Day. 

  

	10.	Indicate the name, mailing address (no P.O. boxes, please), telephone number and facsimile-transmission number of the party to whom the acknowledgment of this election may be sent
on line (9). 

  

	11.	Indicate the wire instruction for payment on line (10). 

  

	12.	Leave lines (A), (B), (C), (D), (E) and (F) blank. 

  

	13.	Mail or otherwise deliver an original copy of the completed Form to: 

  

	 	 	 JPMorgan Chase Bank
 Attn: Review and Certifications Section
 Mortgage Banking Custody Services
 1111 Fannin Street, 12th Floor
 Houston, Texas 77002
 Telephone Number: (713) 427-6484
	 	 

  
 FACSIMILE
TRANSMISSIONS OF THE REPAYMENT ELECTION FORM WILL NOT BE ACCEPTED. 
  

	14.	If the acknowledgement of the Company’s receipt of this Form, including the assigned Election Number, is not received within 10 days of the date such information is sent to the
Trustee, contact the Company’s Corporate Secretary’s Office, at Merrill Lynch & Co., Inc., 222 Broadway, 17th Floor, New York, New York 10038, Telephone number: (212)670-0432. 

  
 For assistance with this Form or any questions relating thereto, please contact the Company’s Secretary’s Office at Merrill Lynch & Co.,
Inc., 222 Broadway, 17th Floor, New York, New York 10038, Telephone number: (212) 670-0432. 

 OPTION TO ELECT REPAYMENT 
 PURSUANT TO SURVIVOR’S OPTION 
  
 The undersigned hereby irrevocably requests and instructs the Company to repay the within Security (or the portion thereof specified below), pursuant to its terms, on the “Repayment Date”, which shall be no later than the first
Interest Payment Date that occurs 20 or more calendar days after the date of the acceptance by the Company of this Option, at a Repayment Price equal to 100% of the principal amount thereof, together with interest thereon accrued to the Repayment
Date, to the undersigned at: 
  
                                       
                                        
                                        
                                        
                                        
   
                                       
                                        
                                        
                                        
                                        
   
 (Please Print or Type Name and Address of the Undersigned.) 
  
 For this Option to Elect Repayment Pursuant to Survivor’s Option to be
effective, this Security with the Option to Elect Repayment Pursuant to Survivor’s Option duly completed must be received by the Company at its office or agency in the Borough of Manhattan, the City and State of New York (which will be located
initially at the office of the Trustee at JPMorgan Chase Bank, ITS-Securities Window, 4 New York Plaza, Ground Floor, New York City). 
  
 [If less than the entire principal amount of the within Security is to be repaid, specify the portion thereof (which shall be $1,000 or an integral
multiple thereof) which is to be repaid: $            . The Principal amount of this Security may not be repaid in part if, following such repayment, the unpaid principal amount of this
Security would be less than $1,000.] 
  
 [If less than the entire
principal amount of the within Security is to be repaid, specify the denomination(s) of the Securit(ies) to be issued for the unpaid amount ($             or any integral multiple of
$            ); $            .] 
  
  
 Dated: 
 ___________________________________ 
 Note:
The signature to this Option to Elect Repayment Pursuant to Survivor’s Option must correspond with the name as written upon the face of the within Security in every particular without alterations or enlargement or any change whatsoever.]

 MERRILL LYNCH CORENOTESM, a 
 MERRILL LYNCH NOTE 
 DUE NINE MONTHS OR MORE FROM DATE OF ISSUE 
  
 THIS NOTE IS A GLOBAL SECURITY 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 NOTES 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 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. ___________
	 	 CUSIP No.:
 __________________________
	 	 PRINCIPAL AMOUNT:
 __________________________

			
	 	 	MERRILL LYNCH & CO., INC.	 	 
			
	 	 	 Merrill Lynch CoreNotesSM, a series of
 MERRILL LYNCH NOTES
 Due Nine Months or More from Date of Issue
	 	 
			
	ORIGINAL ISSUE DATE:	 	INTEREST RATE: %	 	STATED MATURITY DATE:
			
	INTEREST PAYMENT DATE(S):	 	RECORD DATE:	 	[   ] CHECK IF DISCOUNT NOTE
	[   ] Monthly	 	 	 	Issue Price: %
	[   ] Quarterly	 	 	 	 
	[   ] Semiannually	 	 	 	 
	[   ] Annually	 	 	 	 
			
	REDEMPTION DATE(S):	 	SURVIVOR’S OPTION:	 	 
	 	 	[   ] Applicable to this Note	 	 
	 	 	[   ] Not Applicable to this Note	 	 
			
	SPECIFIED CURRENCY:	 	AUTHORIZED DENOMINATION:	 	EXCHANGE RATE
	 [   ] United States dollars
 [   ] Other:
	 	 [   ] $1,000 and integral
       multiples thereof
	 	AGENT:
	 	 	[   ] Other:	 	 

	 ADDENDUM ATTACHED:
	 	OTHER/ADDITIONAL PROVISIONS:
	 [   ] Yes
 [   ] No
	 	 

  

 MERRILL LYNCH & CO., INC., a Delaware corporation (the “Company”, which term includes any
successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the Principal Amount of 
  
 on the Stated Maturity Date specified above (except to the extent redeemed or repaid prior to the Stated Maturity Date), and to pay interest
thereon (and on any overdue principal, premium and/or interest to the extent legally enforceable) at the Interest Rate per annum specified above, until the principal hereof is paid or duly made available for payment in such currency specified on the
face hereof. “Maturity Date” means the date on which the Principal Amount of this Note becomes due and payable in full in accordance with its terms and the terms of the Indenture, whether at the Stated Maturity Date or earlier by
declaration of acceleration, call for redemption, repayment or otherwise. References herein to “this Note”, “hereof”, “herein” and comparable terms shall include an Addendum hereto if an Addendum is specified above.

  
 The Company will pay interest in arrears on each Interest
Payment Date (as defined below), if any, commencing with the first Interest Payment Date next succeeding the Original Issue Date specified above, and on the Maturity Date; provided, however, that if the Original Issue Date occurs
between a Record Date (as defined below) and the next succeeding Interest Payment Date, interest payments will commence on the second Interest Payment Date next succeeding the Original Issue Date to the registered holder (the “Holder”) of
this Note on the Record Date with respect to such second Interest Payment Date. If Monthly Interest Payment Dates are specified above, the Interest Payment Dates for this Note shall be the 15th day of each calendar month beginning in the calendar month that next succeeds the month in which the Original Issue Date occurs; if Quarterly Interest Payment
Dates are specified above, the Interest Payment Dates for this Note shall be the 15th day of every third month
beginning in the third calendar month that next succeeds the month in which the Original Issue Date occurs; if Semiannual Interest Payment Dates are specified above, the Interest Payment Dates for this Note shall be the 15th day of every sixth month beginning in the sixth calendar month following the month in which the Original Issue Date occurs;
and if Annual Interest Payment Dates are specified above, the Interest Payment Dates for this Note shall be the 15th day of each twelfth month beginning in the twelfth calendar month following the month in which the Original Issue Date occurs. Interest on this Note will be computed on the basis of a 360-day year of twelve 30-day months. 

 
 Interest on this Note will accrue from, and including, the immediately
preceding Interest Payment Date to which interest has been paid or duly provided for (or from, and including, the Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the applicable Interest Payment Date or the
Maturity Date, as the case may be. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, subject to certain exceptions described herein, be paid to the person in whose name this Note (or one or more
predecessor Notes, as defined on the reverse hereof) is registered at the close of business on the first day of the calendar month (whether or not a Business Day, as defined below) in which such Interest Payment Date occurs (the “Record
Date”); provided, however, that interest payable on the Maturity Date will be payable to the person to whom the principal hereof and premium, if any, hereon shall be payable. Any such interest not so punctually paid or duly
provided for on any Interest Payment Date other than the Maturity Date (“Defaulted Interest”) 

 shall forthwith cease to be payable to the Holder on the close of business on any Record Date and, instead, shall be paid
to the person in whose name this Note is registered at the close of business on a special record date (the “Special Record Date”) for the payment of such Defaulted Interest to be fixed by the Trustee hereinafter referred to, notice whereof
shall be given to the Holder of this Note by the Trustee not less than 10 calendar days prior to such Special Record Date or may be paid at any time in any other lawful manner, all as more fully provided for in the Indenture. 
  
 Payment of principal, premium, if any, and interest in respect of this Note
due on the Maturity Date will be made in immediately available funds upon presentation and surrender of this Note (and, with respect to any applicable repayment of this Note, upon delivery of instructions as contemplated on the reverse hereof) at
the office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York; provided, however, that if the Specified Currency (as defined below) is other than United States dollars and such
payment is to be made in the Specified Currency in accordance with the provisions set forth below, such payment will be made by wire transfer of immediately available funds to an account with a bank designated by the Holder hereof at least 15
calendar days prior to the Maturity Date, provided that such bank has appropriate facilities therefor and that this Note is presented and surrendered and, if applicable, instructions are delivered at the aforementioned office or agency maintained by
the Company in time for the Trustee to make such payment in such funds in accordance with its normal procedures. Payment of interest due on any Interest Payment Date other than the Maturity Date will be made at the aforementioned office or agency
maintained by the Company or, at the option of the Company, by check mailed to the address of the person entitled thereto as such address shall appear in the Security Register maintained by the Trustee on the record date; provided,
however, that a Holder of U.S.$10,000,000 (or, if the Specified Currency is other than United States dollars, the equivalent thereof in the Specified Currency) or more in aggregate principal amount of Notes (whether having identical or
different terms and provisions) will be entitled to receive interest payments on such Interest Payment Date by wire transfer of immediately available funds if such Holder has delivered appropriate wire transfer instructions in writing to the Trustee
not less than 15 calendar days prior to such Interest Payment Date. Any such wire transfer instructions received by the Trustee shall remain in effect until revoked by such Holder. 
  
 If any Interest Payment Date or the Maturity Date of this Note falls on a day that is not a Business Day (as defined), the
required payment of principal, premium, if any, and/or interest shall be made on the next succeeding Business Day and no interest shall accrue with respect to the payment for the period from and after such Interest Payment Date or the Maturity Date,
as the case may be, to the date of such payment on the next succeeding Business Day. 
  
 As used herein, “Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive
order to close in The City of New York; provided, however, that if the Specified Currency is other than United States dollars, such day must not be a day on which commercial banks are authorized or required by law, regulation or
executive order to close in the Principal Financial Center (as defined below) of the country issuing the Specified Currency (or, 

 if the Specified Currency is Euro, such day must be a day on which the Trans-European Automated Real-Time Gross
Settlement Express Transfer (TARGET) System is open). “Principal Financial Center” means the capital city of the country issuing the Specified Currency, except that with respect to United States dollars, Australian dollars, Canadian
dollars, South African rand and Swiss francs, the “Principal Financial Center” shall be The City of New York, Sydney and Melbourne, Toronto, Johannesburg and Zurich, respectively. 
  
 Subject to the provisions in the following paragraphs, the Company is
obligated to make payment of principal, premium, if any, and interest in respect of this Note in the Specified Currency specified on the face hereof (or, if such Specified Currency is not at the time of such payment legal tender for the payment of
public and private debts in the country issuing such Specified Currency or, if such Specified Currency is Euro, in the member states of the European Union that have adopted the single currency in accordance with the Treaty establishing the European
Community, as amended by the Treaty on European Union, then in the currency which is at the time of such payment legal tender in the related country or in the adopting member states of the European Union) (the “Specified Currency”). If the
Specified Currency is other than United States dollars, except as otherwise provided below, any such amounts so payable by the Company will be converted by the Exchange Rate Agent specified on the face hereof into United States dollars for payment
to the Holder of this Note. 
  
 If the Specified Currency is other
than United States dollars, the Holder of this Note may elect to receive any amounts payable hereunder in such Specified Currency by following the procedures described below. If the Holder of this Note shall not have duly made an election to receive
all or a specified portion of any payment of principal, premium, if any, and/or interest in respect of this Note in the Specified Currency, any United States dollar amount to be received by the Holder of this Note will be based on the highest bid
quotation in The City of New York received by the Exchange Rate Agent at approximately 11:00 A.M., New York City time, on the second Business Day preceding the applicable payment date from three recognized foreign exchange dealers (one of whom may
be the Exchange Rate Agent) selected by the Exchange Rate Agent and approved by the Company for the purchase by the quoting dealer of the Specified Currency for United States dollars for settlement on such payment date in the aggregate amount of the
Specified Currency payable to all Holders of Notes scheduled to receive United States dollar payments and at which the applicable dealer commits to execute a contract. All currency exchange costs will be borne by the Holder of this Note by
deductions from such payments. If three such bid quotations are not available, payments on this Note will be made in the Specified Currency. 
  
 If the Specified Currency is other than United States dollars, the Holder of this Note may elect to receive all or a specified portion of any payment of
principal, premium, if any, and/or interest in respect of this Note in the Specified Currency by submitting a written request for such payment to the Trustee at its corporate trust office in The City of New York on or prior to the applicable Record
Date or at least 15 calendar days prior to the Maturity Date, as the case may be. Such written request may be mailed or hand delivered or sent by cable, telex or other form of facsimile transmission. The Holder of this Note may elect to receive all
or a specified portion of all future payments in the Specified Currency in respect of such principal, premium, if any, and/or interest and need not file a separate election for each payment. Such election will remain 

 in effect until revoked by written notice to the Trustee, but written notice of any such revocation must be received by
the Trustee on or prior to the applicable Record Date or at least 15 calendar days prior to the Maturity Date, as the case may be. 
  
 If the Specified Currency is other than United States dollars and the Holder of this Note shall have duly made an election to receive all or a specified
portion of any payment of principal, premium, if any, and/or interest in respect of this Note in the Specified Currency, but the Specified Currency is not available due to the imposition of exchange controls or other circumstances beyond the control
of the Company, the Company will be entitled to satisfy its obligations to the Holder of this Note by making such payment in United States dollars on the basis of the Market Exchange Rate (as defined below) determined by the Exchange Rate Agent on
the second Business Day prior to such payment date or, if such Market Exchange Rate is not then available, on the basis of the most recently available Market Exchange Rate. The “Market Exchange Rate” for the Specified Currency means the
noon dollar buying rate in The City of New York for cable transfers for the Specified Currency as certified for customs purposes (or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York. Any payment made in United
States dollars under such circumstances shall not constitute an Event of Default (as defined in the Indenture). 
  
 All determinations referred to above made by the Exchange Rate Agent shall be at its sole discretion and shall, in the absence of manifest error, be
conclusive for all purposes and binding on the Holder of this Note. 
  
 The Company agrees to indemnify the Holder of any Note against any loss incurred by such Holder as a result of any judgment or order being given or made against the Company for any amount due hereunder and such judgment or order requiring
payment in a currency (the “Judgment Currency”) other than the Specified Currency, and as a result of any variation between (i) the rate of exchange at which the Specified Currency amount is converted into the Judgment Currency for the
purpose of such judgment or order, and (ii) the rate of exchange at which such Holder, on the date of payment of such judgment or order, is able to purchase the Specified Currency with the amount of the Judgment Currency actually received by such
Holder, as the case may be. The foregoing indemnity constitutes a separate and independent obligation of the Company and continues in full force and effect notwithstanding any such judgment or order as aforesaid. The term “rate of
exchange” includes any premiums and costs of exchange payable in connection with the purchase of, or conversion into, the relevant currency. 
  
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof and, if so specified on the face hereof, in an Addendum
hereto, which further provisions shall have the same force and effect as if set forth on the face hereof. 
  
 Notwithstanding the foregoing, if an Addendum is attached hereto or “Other/Additional Provisions” apply to this Note as specified above, this
Note shall be subject to the terms set forth in such Addendum or such “Other/Additional Provisions”. 

 Unless the Certificate of Authentication hereon has been executed by the Trustee by manual signature,
this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed, manually or in facsimile,
and an imprint or facsimile of its corporate seal to be imprinted hereon. 
  
 Dated: ________________ 
  

	MERRILL LYNCH & CO., INC.
		
	By:	 	 
	 	

	 	 	 Russell L. Stein
 Treasurer

  
 [FACSIMILE OF SEAL] 

 

	Attest:
		
	By:	 	 
	 	

	 	 	 Judith A. Witterschein
 Secretary

  
 CERTIFICATE OF AUTHENTICATION

 This is one of the Securities of the 
 series designated
therein referred to 
 in the within-mentioned Indenture. 
  

	 JPMORGAN CHASE BANK,
                 as Trustee

		
	By:	 	 
	 	

	 	 	Authorized Officer

 [REVERSE OF NOTE] 
  

MERRILL LYNCH & CO., INC. 
  
 MERRILL LYNCH CORENOTESM,
a 
 MERRILL LYNCH NOTE 
 DUE NINE MONTHS OR MORE FROM DATE OF ISSUE 
  
 This Note is one of a duly authorized series of Securities (the “Securities”) of the Company designated as its Merrill Lynch Notes Due Nine Months or More from Date of Issue (the “Notes”). The Notes are issued and to be
issued under an Indenture, dated as of October 1, 1993, as amended, modified or supplemented from time to time (the “Indenture”), between the Company and JPMorgan Chase Bank, as trustee (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, limitations of rights, duties and immunities thereunder of the Company, the Trustee
and the Holders of the Notes, and of the terms upon which the Notes are, and are to be, authenticated and delivered. All terms used but not defined in this Note or in an Addendum hereto shall have the meanings assigned to such terms in the Indenture
or on the face hereof, as the case may be. 
  
 This Note is
issuable only in registered form without coupons in minimum denominations of U.S. $1,000 and integral multiples thereof or other Authorized Denomination specified on the face hereof. 
  
 This Note shall be exchangeable for Notes in definitive form of like tenor and terms and of an equal aggregate principal
amount, in the Authorized Denomination specified on the face hereof only if (x) the Depository is at any time unwilling or unable to continue as depository or the depository has ceased to become a clearing agency under the Exchange Act and a
successor depository is not appointed by the Company within 60 calendar days, (y) the Company executes and delivers to the Trustee a Company Order to the effect that this Note shall be exchangeable or (z) an Event of Default has occurred and is
continuing with respect to the Notes under the Indenture. 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 Note as are necessary or appropriate to allow for the issuance of such definitive Notes. 
  
 This Note will not be subject to any sinking fund and, unless otherwise specified on the face hereof in accordance with the provisions described below,
will not be redeemable or repayable prior to the Stated Maturity Date. 
  
 This Note will be subject to redemption at the option of the Company on the Redemption Dates, if any, specified on the face hereof, in whole or from time to time in part in increments of U.S. $1,000 or other integral multiple of an
Authorized Denomination (provided that any remaining principal amount hereof shall be at least U.S. $1,000 or such other minimum 

 Authorized Denomination), at a Redemption Price equal to 100% of the unpaid principal amount to be redeemed, together
with unpaid interest accrued thereon to the applicable Redemption Date, on written notice given to the Holder hereof (in accordance with the provisions of the Indenture) not more than 60 nor less than 30 calendar days prior to the applicable
Redemption Date. In the event of redemption of this Note in part only, a new Note of like tenor for the unredeemed portion hereof and otherwise having the same terms and provisions as this Note shall be issued by the Company in the name of the
Holder hereof upon the presentation and surrender hereof. If no Redemption Dates are specified on the face hereof, this Note may not be redeemed at the option of the Company prior to the Stated Maturity Date. 
  
 If the Survivor’s Option is specified on the face hereof as being
applicable to this Note, the Representative (as defined below) of a deceased beneficial owner of this Note or a beneficial interest in this Note shall have the option to elect repayment of this Note in whole or in part following the death of such
owner. “Representative” means the representative of a deceased beneficial owner of the Note or a beneficial interest in this Note that has authority to act on behalf of the deceased beneficial owner of this Note under the laws of the
appropriate jurisdiction (including, without limitation, the personal representative, executor, surviving joint tenant or surviving tenant by the entirety of such deceased beneficial owner). Unless specifically provided on the face hereof or in an
Addendum hereto, the Survivor’s Option may not be exercised prior to the date that is six months after the acquisition of this Note, or a beneficial interest in this Note, by the deceased beneficial owner. If the Survivor’s Option is
specified on the face hereof as not being applicable to this Note, this Note may not be repaid at the option of a deceased beneficial owner hereof prior to the Stated Maturity Date. 
  
 Upon exercise of the Survivor’s Option, the Company shall repay this Note (or portion hereof) in an amount that is not
less than $1,000 (or, if the Specified Currency is other than United States dollars, the equivalent thereof in the Specified Currency), provided that any remaining principal amount shall be an Authorized Denomination, at a price equal to 100 % of
the principal amount of the beneficial interest of the deceased owner in this Note being repaid, plus accrued interest to, but excluding, the date of such repayment. 
  
 Notwithstanding the foregoing, the Company may, in its sole discretion, limit the aggregate principal amount of Notes (or
portions thereof) as to which exercises of the Survivor’s Option shall be accepted in any calendar year (the “Annual Put Limitation”) to an amount equal to the greater of (i) $5,000,000 (or, if the Specified Currency is other than
United States dollars, the equivalent thereof in the Specified Currency), or (ii) 5% of the principal amount of all Notes Outstanding (as defined in the Indenture) as of the end of the most recent calendar year. The Company may also, in its sole
discretion, limit the aggregate principal amount of Notes (or portions thereof) as to which exercise of the Survivor’s Option shall be accepted in any calendar year with respect to any individual deceased owner of beneficial interests in the
Notes to $500,000 (or, if the Specified Currency is other than United States dollars, the equivalent thereof in the Specified Currency) (the “Individual Put Limitation”). 
  
 A valid exercise of the Survivor’s Option with respect to this Note is irrevocable and after such exercise, the Note
(or portion hereof) may not be transferred prior to repayment by the Company. 

 For so long as this Note is represented by a Global Security, the Depository or its nominee shall be the
Holder hereof and therefore the Depository shall be the only entity that can exercise the Survivor’s Option with respect to this Note by delivery of the Option to Elect Repayment pursuant to the Survivor’s Option, the form of which is
attached hereto. To obtain repayment pursuant to exercise of the Survivor’s Option with respect to this Note, the Representative must provide to the Depository’s participant through which the beneficial interest in this Note is held: (i) a
written instruction to such participant to notify the Depository of the Representative’s desire to exercise the Survivor’s Option, (ii) appropriate evidence satisfactory to the Company and the Trustee that (A) the deceased was the owner of
a beneficial interest in this Note at the time of death, (B) the death of the beneficial owner hereof has occurred and (C) the Representative has authority to act on behalf of the deceased beneficial owner, (iii) if the beneficial interest in this
Note is held by a nominee of the deceased beneficial owner, a certificate satisfactory to the Company and the Trustee from such nominee attesting to the deceased’s ownership of a beneficial interest in this Note, (iv) a duly completed
“Repayment Election Form”, a copy of which is attached to this Note as Annex A, (v) if applicable, a properly executed assignment or endorsement, (vi) tax waivers and any other instruments or documents that the Company or the Trustee
reasonably requires in order to establish the validity of ownership of the beneficial interest in this Note and the Representative’s entitlement to payment and (vii) any additional information the Company or the Trustee requires to document
ownership or authority to exercise the Survivor’s Option and to cause the repayment of this Note (or portion thereof). The participant shall deliver to the Trustee (i) each of the documents described in the immediately preceding sentence
together with a certificate satisfactory to the Trustee from such participant stating that it represents the deceased beneficial owner of this Note or a beneficial interest in this Note. 
  
 The participant shall be responsible for disbursing any payments it receives from the Trustee pursuant to exercise of the
Survivor’s Option to the appropriate Representative. 
  
 Subject to the Company’s right hereunder to limit the aggregate principal amount of Notes as to which exercises of the Survivor’s Option shall be accepted in any one calendar year, all other questions regarding the eligibility or
validity of any exercise of the Survivor’s Option with respect to this Note shall be determined by the Trustee, in its sole discretion, which determination shall be final and binding on all parties. In making any determinations hereunder, the
Trustee may elect, in the exercise of its own discretion, to consult with Company personnel and seek the advice of the Company, but it is in no way obligated to do so. The Trustee may rely on any advice provided to it by the Company in connection
herewith. 
  
 Each Note (or portion thereof) that is tendered
pursuant to valid exercise of the Survivor’s Option shall be accepted promptly in the order received by the Trustee, except for any Note (or portion thereof) the acceptance of which would contravene (i) the Annual Put Limitation, if
applied, or (ii) the Individual Put Limitation, if applied. Each Note (or portion thereof) that has been tendered for repayment in connection with the exercise of the Survivor’s Option that is not accepted by the Trustee in any calendar year
because such acceptance would have contravened either the Annual Put Limitation or the Individual Put Limitation shall be deemed to be tendered on the first day of the following calendar year in the order all such Notes (or portions thereof) were
originally tendered. Notes (or portion thereof) accepted for repayment 

 pursuant to exercise of the Survivor’s Option shall be repaid no later than the first Interest Payment Date that
occurs at least 20 calendar days after the date of such acceptance. In the event that a Note (or any portion thereof) tendered for repayment pursuant to valid exercise of the Survivor’s Option is not accepted, the Trustee shall deliver a
written notice by first-class mail to the registered Holder thereof at its last known address as indicated in the Security Register, that states the reason such Note (or portion thereof) has not been accepted for payment. 
  
 For purposes of the Survivor’s Option, the death of a person owning this
Note in joint tenancy or tenancy by the entirety with another or others shall be deemed the death of the Holder hereof, and the entire Principal Amount hereof shall be subject to repayment. The death of a person owning this Note by tenancy in common
shall be deemed the death of a Holder hereof only with respect to the deceased Holder’s interest in this Note; except that in the event this Note is held by husband and wife as tenants in common, the death of either shall be deemed the death of
the Holder hereof, and the entire principal amount of this Note so held shall be subject to repayment. The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial interests of ownership of this Note,
shall be deemed the death of the Holder hereof for purposes of this provision, regardless of the registered Holder, if such beneficial interest can be established to the satisfaction of the Trustee. Such beneficial interest shall be deemed to exist
in typical cases of nominee ownership, ownership under the Uniform Transfers or Gifts to Minors Act, community property or other joint ownership arrangements between a husband and wife and custodial and trust arrangements where one person has
substantially all of the beneficial ownership interest in this Note during his or her lifetime. 
  
 Notes beneficially owned by a trust will be regarded as beneficially owned by each beneficiary of the trust to the extent of that beneficiary’s
interest in the trust. The death of a beneficiary of a trust will be deemed the death of the beneficial owner of the Notes beneficially owned by the trust to the extent of that beneficiary’s interest in the trust. The death of an individual who
was a tenant by the entirety or joint tenant in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust. The death of an individual who was a tenant in common in a tenancy which is the beneficiary of a
trust will be deemed the death of the beneficiary of the trust only with respect to the deceased holder’s beneficial interest in the Note, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the
death of the beneficiary of the trust. 
  
 If this Note is
specified on the face hereof to be a Discount Note, the amount payable to the Holder of this Note in the event of redemption, repayment or acceleration of maturity will be equal to the sum of (1) the Issue Price specified on the face hereof
(increased by any accruals of the Discount, as defined below), and (2) any unpaid interest accrued thereon to the Redemption Date, or date of acceleration of maturity, as the case may be. The difference between the Issue Price and 100% of the
principal amount of this Note is referred to herein as the “Discount”. 
  
 For purposes of determining the amount of Discount that has accrued as of any Redemption Date or date of acceleration of maturity of this Note, such Discount will be accrued so as to cause the yield on the Note to be
constant. The constant yield will be calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between Interest Payment Dates (with

 ratable accruals within a compounding period) and an assumption that the maturity of this Note will not be accelerated.
If the period from the Original Issue Date to the initial Interest Payment Date (the “Initial Period”) is shorter than the compounding period for this Note, a proportionate amount of the yield for an entire compounding period will be
accrued. If the Initial Period is longer than the compounding period, then such period will be divided into a regular compounding period and a short period, with the short period being treated as provided in the preceding sentence. 
  
 If an Event of Default shall occur and be continuing, the principal of the
Notes may, and in certain cases shall, be accelerated in the manner and with the effect provided in the Indenture. 
  
 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 a 662/3% of the aggregate
principal amount of the Securities at the time Outstanding, as defined in the Indenture, of each series affected thereby. The Indenture also contains provisions permitting the 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 the Securities of each series, 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 Note shall be conclusive and binding upon such Holder and upon all future Holders of this 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 Note. 
  
 No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay principal, premium, if any, and
interest in respect of this Note at the times, places and rate or formula, and in the coin or currency, herein prescribed. 
  
 As provided in the Indenture and subject to certain limitations therein and herein set forth, the transfer of this Note is registrable in the Security
Register of the Company upon surrender of this 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 Notes of Authorized Denominations and for the same aggregate principal amount, will be issued by the Company
to the designated transferee or transferees. 
  
 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. 
  
 Prior to due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the Holder as the owner hereof 

 for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary, except as required by law. 
  
 THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

 ABBREVIATIONS 
  
 The following abbreviations, when used in the inscription on the face of this Note, shall be construed as though they were written out in full according
to applicable laws or regulations: 
  

	TEN COM	 	—  as tenants in common	 	UNIF GIFT MIN ACT	 	-_______ Custodian______
	TEN ENT	 	—  as tenants by the entireties	 	 	 	    (Cust)                     (Minor)
	JT TEN	 	 —  as joint tenants with right of
       survivorship and not as
       tenants in
common
	 	 	 	 under Uniform Gifts to
 Minors
 Act__________________
                         (State)

  
 Additional
abbreviations may also be used though not in the above list. 
  

  
 ASSIGNMENT/TRANSFER FORM 
  
 FOR VALUE RECEIVED, the undersigned 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.

 ANNEX A 
  
 REPAYMENT ELECTION FORM 
  
 MERRILL LYNCH & CO., INC. 
  
 MERRILL LYNCH CORENOTESSM 
  
 CUSIP NUMBER _______________ 
  
 To: Merrill Lynch & Co., Inc. 
  
 The undersigned financial institution (the “Financial Institution”)
represents the following: 
  

	 	Ÿ	 	The Financial Institution has received a request for repayment from the executor or other authorized representative (the “Authorized Representative”) of the deceased
beneficial owner listed below (the “Deceased Beneficial Owner”) of              Merrill Lynch Notes (CUSIP No.
                         ) (the “Notes”). 

  

	 	Ÿ	 	At the time of his or her death, the Deceased Beneficial Owner owned Notes in the principal amount listed below, and the Financial Institution currently holds such Notes as a direct
or indirect participant in The Depository Trust Company (the “Depository”). 

  
 The Financial Institution agrees to the following terms: 
  

	 	Ÿ	 	The Financial Institution shall follow the instructions (the “Instructions”) accompanying this Repayment Election Form (the “Form”). 

  

	 	Ÿ	 	The Financial Institution shall make all records specified in the Instructions supporting the above representations available to Merrill Lynch & Co., Inc. (the
“Company”) for inspection and review within five Business Days of the Company’s request. 

  

	 	Ÿ	 	If the Financial Institution or the Company, in either’s reasonable discretion, deems any of the records specified in the Instructions supporting the above representations
unsatisfactory to substantiate a claim for repayment, the Financial Institution shall not be obligated to submit this Form, and the Company may deny repayment. If the Financial Institution cannot substantiate a claim for repayment, it shall notify
the Company immediately. 

  

	 	Ÿ	 	Other than as described in the prospectus supplement in the limited situation involving tenders of Notes that are not accepted during one calendar year as a result of the Annual Put
Limitation, repayment elections may not be withdrawn. 

  

	 	Ÿ	 	The Financial Institution agrees to indemnify and hold harmless the Company against and from any and all claims, liabilities, costs, losses, expenses, suits and damages resulting
from the Financial Institution’s above representations and request for repayment on behalf of the Authorized Representative. 

 REPAYMENT ELECTION FORM 
  
 (1) 
 ______________________________________________ 
                 Name of Deceased Beneficial Owner 
  
 (2) 
 ______________________________________________ 
                                 Date of Death 
  
 (3) 
 ______________________________________________ 
 Name of Authorized Representative Requesting Repayment 
  
 (4) 
 ______________________________________________ 
     Name of Financial Institution Requesting Repayment 
  
 (5) 
 ______________________________________________ 
 Signature of Representative of Financial Institution Requesting Repayment 
  
 (6) 
 ______________________________________________ 
             Principal Amount of
Requested Repayment 
  
 (7) 
 ______________________________________________ 
                                 Date of Election 
  
 (8) 
 ______________________________________________ 
                     Date Requested for Repayment 
  
 (9) Financial Institution Representative: 
       Name: 
       Phone Number: 
       Fax Number 
       Mailing Address (no P.O. Boxes): 
  
 (10) Wire instructions for payment: 
         Bank Name: 
         ABA Number 
         Account Name 
         Reference (optional) 

 TO BE COMPLETED BY THE COMPANY: 
  

(A) Election Number*: 
 (B) Delivery and Payment Date: 
 (C) Principal Amount: 
 (D) Accrued Interest: 
 (E) Date of Receipt of Form by the Company: 
 (F) Date of Acknowledgment by
the Company: 
  
 ——————————

  

	*	To be assigned by the Company upon receipt of this Form. An acknowledgement, in the form of a copy of this document with the assigned Election Number, will be returned to the party
and location designated on line (9) above. 

  
  
 INSTRUCTIONS FOR COMPLETING REPAYMENT ELECTION FORM 
 AND EXERCISING SURVIVOR’S OPTION 
  
 Capitalized
terms used and not defined herein have the meanings defined in the accompanying Repayment Election Form. 
  

	1.	Collect and retain for a period of at least three years (1) satisfactory evidence of the authority of the Authorized Representative, (2) satisfactory evidence of death of the
Deceased Beneficial Owner, (3) satisfactory evidence that the Deceased Beneficial Owner beneficially owned, at the time of his or her death, the Notes being submitted for repayment pursuant to the Survivor Option, and (4) any necessary tax waivers.
For purposes of determining whether the Company will deem Notes beneficially owned by an individual at the time of death, the following rules shall apply: 

  

	 	—	Notes beneficially owned by tenants by the entirety or joint tenants will be regarded as beneficially owned by a single owner. The death of a tenant by the entirety or joint tenant
will be deemed the death of the beneficial owner, and the Notes beneficially owned will become eligible for repayment. The death of a person beneficially owning a Note by tenancy in common will be deemed the death of a holder of a Note only with
respect to the deceased holder’s interest in the Note so held by tenancy in common, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the death of the holder of the Note, and the entire
principal amount of the Note so held will be eligible for repayment. 

  

	 	—	Notes beneficially owned by a trust will be regarded as beneficially owned by each beneficiary of the trust to the extent of that beneficiary’s interest in the trust (however,
a trust’s beneficiaries collectively cannot be beneficial owners of more Notes than are owned by the trust). The death of a beneficiary of a trust will be deemed the death of the beneficial owner of the Notes beneficially owned by the trust to
the extent of that beneficiary’s interest in the trust. The death of an individual who was a tenant by the entirety or joint tenant in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust. The
death of an individual who was a tenant in common in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust only with respect to the deceased holder’s beneficial interest in the Note, unless a
husband and wife are the tenants in common, in which case the death of either will be deemed the death of the beneficiary of the trust. 

  

	 	—	 The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial interest in a Note will be deemed the death of the
beneficial owner of that Note, 

	 	 
regardless of the registration of ownership, if such beneficial interest can be established to the satisfaction of the Trustee. Such beneficial interest will
exist in many cases of street name or nominee ownership, ownership by a trustee, ownership under the Uniform Transfers or Gifts to Minors Act and community property or other joint ownership arrangements between spouses. Beneficial interest will be
evidenced by such factors as the power to sell or otherwise dispose of a Note, the right to receive the proceeds of sale or disposition and the right to receive interest and principal payments on a Note. 

  

	 	2.	Indicate the name of the Deceased Beneficial Owner on line (1). 

  

	 	3.	Indicate the date of death of the Deceased Beneficial Owner on line (2). 

  

	 	4.	Indicate the name of the Authorized Representative requesting repayment on line (3). 

  

	 	5.	Indicate the name of the Financial Institution requesting repayment on line (4). 

  

	 	6.	Affix the authorized signature of the Financial Institution’s representative on line (5). THE SIGNATURE MUST BE MEDALLION SIGNATURE GUARANTEED. 

  

	 	7.	Indicate the principal amount of Notes to be repaid on line (6). 

  

	 	8.	Indicate the date this Form was completed on line (7). 

  

	 	9.	Indicate the date of requested repayment on line (8). The date of requested repayment may not be earlier than the first Interest Payment Date to occur at least 20 calendar days
after the date of the Company’s acceptance of the Notes for repayment, unless such date is not a Business Day, in which case the date of requested payment may be no earlier than the next succeeding Business Day. 

  

	 	10.	Indicate the name, mailing address (no P.O. boxes, please), telephone number and facsimile-transmission number of the party to whom the acknowledgment of this election may be sent
on line (9). 

  

	 	11.	Indicate the wire instruction for payment on line (10). 

  

	 	12.	Leave lines (A), (B), (C), (D), (E) and (F) blank. 

  

	 	13.	Mail or otherwise deliver an original copy of the completed Form to: 

  

	 	 	 JPMorgan Chase Bank
 Attn: Review and Certifications Section
 Mortgage Banking Custody Services
 1111 Fannin Street, 12th Floor
 Houston, Texas 77002
 Telephone Number: (713) 427-6484
	 	 

 FACSIMILE TRANSMISSIONS OF THE REPAYMENT ELECTION FORM 
                 WILL NOT BE ACCEPTED. 
  

	 	14.	If the acknowledgement of the Company’s receipt of this Form, including the assigned Election Number, is not received within 10 days of the date such information is sent to the
Trustee, contact the Company’s Corporate Secretary’s Office, at Merrill Lynch & Co., Inc., 222 Broadway, 17th Floor, New York, New York 10038, Telephone number: (212)670-0432. 

  
 For assistance with this Form or any questions relating thereto, please contact the Company’s Secretary’s Office at Merrill Lynch & Co.,
Inc., 222 Broadway, 17th Floor, New York, New York 10038, Telephone number: (212) 670-0432. 

 OPTION TO ELECT REPAYMENT 
 PURSUANT TO SURVIVOR’S OPTION 
  
 The undersigned hereby irrevocably requests and instructs the Company to repay the within Security (or the portion thereof specified below), pursuant to its terms, on the “Repayment Date”, which shall be no later than the first
Interest Payment Date that occurs 20 or more calendar days after the date of the acceptance by the Company of this Option, at a Repayment Price equal to 100% of the principal amount thereof, together with interest thereon accrued to the Repayment
Date, to the undersigned at: 
  
                                       
                                        
                                        
                                        
                                        
   
                                       
                                        
                                        
                                        
                                        
   
 (Please Print or Type Name and Address of the Undersigned.) 
  
 For this Option to Elect Repayment Pursuant to Survivor’s Option to be
effective, this Security with the Option to Elect Repayment Pursuant to Survivor’s Option duly completed must be received by the Company at its office or agency in the Borough of Manhattan, the City and State of New York (which will be located
initially at the office of the Trustee at JPMorgan Chase Bank, ITS-Securities Window, 4 New York Plaza, Ground Floor, New York City). 
  
 [If less than the entire principal amount of the within Security is to be repaid, specify the portion thereof (which shall be $1,000 or an integral
multiple thereof) which is to be repaid: $            . The Principal amount of this Security may not be repaid in part if, following such repayment, the unpaid principal amount of this
Security would be less than $1,000.] 
  
 [If less than the entire
principal amount of the within Security is to be repaid, specify the denomination(s) of the Securit(ies) to be issued for the unpaid amount ($             or any integral multiple of
$            ); $            .] 
  

	Dated:	 	 ______________________________________
 Note:
The signature to this Option to Elect Repayment Pursuant to Survivor’s Option must correspond with the name as written upon the face of the within Security in every particular without alterations or enlargement or any change
whatsoever.]Form of Merrill Lynch Core Notes

 Exhibit 4(oo) 
  
 FLOATING RATE 
 MERRILL LYNCH
CORENOTESM, a 
 MERRILL LYNCH NOTE 
 DUE NINE MONTHS OR MORE FROM DATE OF ISSUE 
  
 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 NOTES 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 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. ______________
	 	CUSIP No. ________________	 	PRINCIPAL AMOUNT $_______________________

  
 MERRILL LYNCH &
CO., INC. 
  
 Merrill Lynch CoreNotesSM, a series of 
 MERRILL LYNCH NOTES 
 Due Nine Months or More from Date of Issue 
 (Floating Rate) 
  

	ORIGINAL ISSUE DATE:	 	INTEREST RATE BASIS:	 	STATED MATURITY DATE:
			
	INDEX MATURITY:	 	 INITIAL INTEREST
 RATE:
                 %
	 	 SPREAD:
                 %

	INITIAL INTEREST RESET DATE:	 	 REGULAR RECORD DATE:
 (Fifteen days prior to
the applicable Interest Payment Date, unless otherwise specified)
	 	INTEREST PAYMENT DATES:
			
	SPREAD MULTIPLIER:	 	 	 	INTEREST RESET DATES:
			
	MAXIMUM INTEREST RATE:	 	MINIMUM INTEREST RATE:	 	INITIAL REDEMPTION DATE:
			
	INITIAL REDEMPTION PERCENTAGE:	 	ANNUAL REDEMPTION PERCENTAGE REDUCTION:	 	OPTIONAL REPAYMENT DATE(S):
			
	CALCULATION AGENT: (Merrill Lynch, Pierce, Fenner & Smith Incorporated, unless otherwise specified)	 	 SURVIVOR’S OPTION:
  ̈ Applicable to this Note
  ̈ Not Applicable to this Note
	 	 IF INTEREST RATE BASIS IS LIBOR:
  ̈ LIBOR Moneyline Telerate
  ̈ LIBOR Reuters
 LIBOR CURRENCY

			
	 INTEREST CALCULATION:
  ̈ Regular Floating Rate Note
  ̈ Floating Rate/Fixed Rate
      Fixed Rate Commencement Date:
      Fixed Interest Rate:
  ̈ Inverse Floating Rate Note Fixed
      Interest Rate:
	 	 ADDENDUM ATTACHED:
  ̈ Yes
  ̈ No
	 	 DAY COUNT CONVENTION
  ̈ Actual/360 for the period from to                     .
  ̈ Actual/Actual to the period from to                     .

			
	 SPECIFIED CURRENCY:
  ̈ United States Dollars
  ̈ Other
	 	 	 	 DENOMINATIONS:
 (Integral multiples of
$1,000, unless otherwise specified)

			
	OTHER PROVISIONS:	 	 	 	 

  

 2 

 MERRILL LYNCH & CO., INC., a Delaware corporation (“Issuer” or the “Company,”
which terms include any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the Principal Amount of
             DOLLARS on the “Stated Maturity Date” designated above and to pay interest thereon (and on any overdue principal, premium and/or interest to the extent legally
enforceable) at the interest rate per annum in accordance with the provisions hereof, until the principal hereof is paid or duly made available for payment in such coin or currency of the United States of America as at the time of payment is legal
tender for public and private debts. “Maturity Date” means the date on which the Principal Amount of this Note becomes due and payable in full accordance with its terms and the terms of the Indenture, whether at the Stated Maturity Date or
earlier by declaration of acceleration, call for redemption, repayment or otherwise. References herein to “this Note”, “hereof”, “herein” and comparable terms shall include an Addendum hereto if an Addendum is specified
above. 
  
 The Company will pay interest in arrears on each
Interest Payment Date (as defined below), if any, commencing with the first Interest Payment Date next succeeding the “Original Issue Date” specified above, and on the Maturity Date; provided, however, that if the Original
Issue Date is between a Record Date (as defined below) and the next succeeding Interest Payment Date, interest payments will commence on the second Interest Payment Date next succeeding the Original Issue Date payable to the registered holder (the
“Holder”) of this Note on the relevant Record Date applicable to such second Interest Payment Date. Unless otherwise specified above, the “Regular Record Date” shall be the date 15 calendar days (whether or not a Business Day, as
defined below) prior to the applicable Interest Payment Date. Interest on the Note will accrue from and including the Original Issue Date specified above, at the rates determined from time to time as specified herein, until the principal hereof has
been paid or made available for payments. If the Maturity Date falls on a day which is not a Business Day, the payment due on such Maturity Date will be paid on the next succeeding Business Day with the same force and effect as if made on such
Maturity Date and no interest shall accrue with respect to such payment for the period from and after such Maturity Date. The Interest Payment Dates for each floating rate Note will be determined by reference to the applicable Interest Rate Basis or
Interest Rate Bases, which may be LIBOR (as defined below), or the Treasury Rate (as defined below). 
  
 The interest rate borne by this Note shall be determined as follows: 
  
 1. If this Note is designated as a Regular Floating Rate Note above, then, except as described below, this
Note shall bear interest at the rate determined by reference to the applicable Interest Rate Basis or Bases shown above (1) plus or minus the applicable Spread, if any, and/or (2) multiplied by the applicable Spread Multiplier, if any, specified and
applied in the manner described above. Commencing on the first Interest Reset Date, the rate at which interest on this Note is payable will be reset as of each Interest Reset Date specified above; provided, however, that the interest
rate in effect for the period from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate. 
  
 2. If this Note is designated as a Floating Rate/Fixed Rate Note above, then, except as described below, this Note shall bear interest at
the rate determined by 
  

 3 

 reference to the applicable Interest Rate Basis or Bases shown above (1) plus or minus the applicable
Spread, if any, and/or (2) multiplied by the applicable Spread Multiplier, if any, specified and applied in the manner described above. Commencing on the first Interest Reset Date, the rate at which interest on this Note is payable will be reset as
of each Interest Reset Date specified above; provided, however, that (i) the interest rate in effect for the period from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate, and (ii) the
interest rate in effect commencing on, and including, the date on which interest begins to accrue on a fixed rate basis to Maturity will be the Fixed Interest Rate, if the rate is specified above, or if no Fixed Interest Rate is specified, the
interest rate in effect on this Note on the day immediately preceding the date on which interest begins to accrue on a fixed rate basis. 
  
 3. If this Note is designated as an Inverse Floating Rate Note above, then, except as described below, this Note shall bear interest
equal to the Fixed Interest Rate shown above minus the rate determined by reference to the applicable Interest Rate Basis or Bases shown above (1) plus or minus the applicable Spread, if any, and/or (2) multiplied by the applicable Spread
Multiplier, if any, specified and applied in the manner described above; provided, however, that the interest rate hereon will not be less than zero percent. Commencing on the first Interest Reset Date, the rate at which interest on
this Note is payable shall be reset as of each Interest Reset Date specified above; provided, however, that the interest rate in effect for the period from the Original Issue Date to the Initial Interest Reset Date shall be the Initial
Interest Rate. 
  
 4. Notwithstanding the
foregoing, if this Note is designated above as having an Addendum attached or as having Other Provisions apply, the Note shall bear interest in accordance with the terms described in such Addendum or specified under Other Provisions. 
  
 Except as provided above, the interest rate in effect on each day shall be
(a) if such day is an Interest Reset Date, the interest rate determined as of the Interest Determination Date (as defined below) immediately preceding such Interest Reset Date or (b) if such day is not an Interest Reset Date, the interest rate
determined as of the Interest Determination Date immediately preceding the immediately preceding Interest Reset Date. Each Interest Rate Basis shall be the rate determined in accordance with the applicable provision below. If any Interest Reset Date
(which term includes the term first Interest Reset Date unless the context otherwise requires) would otherwise be a day that is not a Business Day, that Interest Reset Date shall be postponed to the next succeeding day that is a Business Day, except
that if an Interest Rate Basis specified above is LIBOR and the next Business Day, which is also a London Banking Day, falls in the next succeeding calendar month, that Interest Reset Date shall be the immediately preceding Business Day, which is
also a London Banking Day. In addition, if an Interest Rate Basis specified on the face hereof is the Treasury Rate and the Interest Determination Date would otherwise fall on an Interest Reset Date, then that Interest Reset Date shall be postponed
to the next succeeding Business Day. 
  
 Unless otherwise
specified above, interest payable on this Note on any Interest Payment Date shall be the amount of interest accrued from and including the immediately preceding Interest Payment Date in respect of which interest has been paid (or from and including
the 
  

 4 

 Original Issue Date specified above, if no interest has been paid), to but excluding the related Interest Payment Date or
Maturity. Unless otherwise specified above, accrued interest hereon shall be an amount calculated by multiplying the face amount hereof by an accrued interest factor. The accrued interest factor shall be computed by adding the interest factor
calculated for each day in the period for which accrued interest is being calculated. Unless otherwise specified above, the interest factor for each such day shall be computed by dividing the interest rate applicable to such day by 360, if the Day
Count Convention specified above is “Actual/360” for the period specified thereunder or by the actual number of days in the year if the Day Count Convention specified above is “Actual/Actual” for the period specified thereunder.
If the Interest Rate Basis specified above is LIBOR, the interest factor for each day will be computed by dividing the interest rate applicable to each day by 360. If the Interest Rate Basis specified above is the Treasury Rate, the interest factor
for each day will be computed by dividing the interest rate applicable to each day by the actual number of days in the year. If the interest rate on this Note is calculated with reference to two or more Interest Rate Bases, the interest factor will
be calculated in each period in the same manner as if only one of the applicable Interest Rate Bases applied. 
  
 Unless otherwise specified above, the “Interest Determination Date” with respect to LIBOR shall be the second London Banking Day (as defined
below) preceding each Interest Reset Date; and the “Interest Determination Date” with respect to the Treasury Rate shall be the day in the week in which the related Interest Reset Date falls on which day Treasury Bills (as defined below)
are normally auctioned. Treasury Bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is normally held on the following Tuesday, except that the auction may be held on the preceding
Friday; provided, however, that if an auction is held on the Friday of the week preceding the related Interest Reset Date, the related Interest Determination Date shall be such preceding Friday; and provided, further,
that if an auction shall fall on any Interest Reset Date, then the related Interest Reset Date shall instead be the first Business Day following such auction. If the interest rate of this Note is determined with reference to two or more Interest
Rate Bases, the Interest Determination Date pertaining to this Note will be the latest Business Day which is at least two Business Days prior to such Interest Reset Date on which each Interest Rate Basis shall be determinable. Each Interest Rate
Basis shall be determined and compared on such date, and the applicable interest rate shall take effect on the related Interest Reset Date. 
  
 Unless otherwise specified above, the “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of
(i) the tenth calendar day after such Interest Determination Date or, if the tenth calendar day is not a Business Day, the next succeeding Business Day, or (ii) the Business Day preceding the applicable Interest Payment Date or date of Maturity, as
the case may be. All calculations on this Note shall be made by the Calculation Agent specified above or such successor thereto as is duly appointed by the Company. 
  
 All percentages resulting from any calculation on this Note will 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 will be rounded to the
nearest cent with one-half cent being rounded upward. 
  

 5 

 As used herein, “Business Day” means any day, other than a Saturday or Sunday, that is neither
a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close in The City of New York; provided, however, that, if this Note is denominated in other than United States
dollars, such day is also not a day on which commercial banks are authorized or required by law, regulation or executive order to close in the Principal Financial Center (as hereinafter defined) of the country issuing the Specified Currency or, if
the Specified Currency is EURO, the day is also a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open; provided, further, that, if LIBOR is an applicable Interest Rate Basis,
such day is also a London Banking Day (as hereinafter defined). 
  
 As used herein, “London Banking Day” means a day on which commercial banks are open for business, including dealings in the LIBOR Currency, in London. 
  
 As used herein, “Principal Financial Center” means: 
  

	 	(1)	the capital city of the country issuing the Specified Currency, except that with respect to United States dollars, Australian dollars, Canadian dollars, South African rand and Swiss
francs, the “Principal Financial Center” will be The City of New York, Sydney and Melbourne, Toronto, Johannesburg and Zurich, respectively, or 

  

	 	(2)	the capital city of the country to which the LIBOR Currency relates, except that with respect to United States dollars, Australian dollars, Canadian dollars, South African rand and
Swiss francs, the “Principal Financial Center” will be The City of New York, Sydney, Toronto, Johannesburg and Zurich, respectively. 

  
 Determination of LIBOR. “LIBOR” means the rate determined by the Calculation Agent in accordance with the following provisions:

  

	 	(1)	if “LIBOR Moneyline Telerate” is specified above or if neither “LIBOR Reuters” nor “LIBOR Moneyline Telerate” is specified above as the method for
calculating LIBOR, the rate for deposits in the LIBOR Currency, as defined below, having the Index Maturity specified above, commencing on the related Interest Reset Date, that appears on the LIBOR Page, as defined below, as of 11:00 A.M., London
time, on the particular Interest Determination Date, or 

  

	 	(2)	if “LIBOR Reuters” is specified above, the arithmetic mean of the offered rates calculated by the Calculation Agent, or the offered rate if the LIBOR Page by its terms
provides only for a single rate, for deposits in the LIBOR Currency having the particular Index Maturity, commencing on the related Interest Reset Date, that appear or appears, as the case may be, on the LIBOR Page as of 11:00 A.M., London time, on
the particular Interest Determination Date, or 

  

	 	(3)	 if fewer than two offered rates appear, or no rate appears, as the case may be, on the particular Interest Determination Date on the LIBOR Page as specified in
clause (1) or (2), as applicable, the rate calculated by the Calculation Agent as the 

  

 6 

	 	      	arithmetic mean of at least two offered quotations obtained by the Calculation Agent after requesting the principal London offices of each of four major reference banks in the
London interbank market to provide the Calculation Agent with its offered quotation for deposits in the LIBOR Currency for the period of the particular Index Maturity, commencing on the related Interest Reset Date, to prime banks in the London
interbank market at approximately 11:00 A.M., London time, on that Interest Determination Date and in a principal amount that is representative for a single transaction in the LIBOR Currency in that market at that time, or 

 

	 	(4)	if fewer than two offered quotations referred to in clause (3) are provided as requested, the rate calculated by the Calculation Agent as the arithmetic mean of the rates quoted at
approximately 11:00 A.M., in the applicable Principal Financial Center, on the particular Interest Determination Date by three major banks in that Principal Financial Center selected by the Calculation Agent for loans in the LIBOR Currency to
leading European banks, having the particular Index Maturity and in a principal amount that is representative for a single transaction in the LIBOR Currency in that market at that time, or 

  

	 	(5)	if the banks selected by the Calculation Agent are not quoting as mentioned in clause (4), LIBOR in effect on the particular Interest Determination Date. 

 
 “LIBOR Currency” means the currency specified above as to which
LIBOR will be calculated or, if no currency is specified above, United States dollars. 
  
 “LIBOR Page” means either: 
  

	 	Ÿ	 	if “LIBOR Moneyline Telerate” is specified above or neither “LIBOR Reuters” nor “LIBOR Moneyline Telerate” is specified above as the method for
calculating LIBOR, the display on Moneyline Telerate, or any successor service on the page specified above or any page as may replace the specified page on that service for the purpose of displaying the London interbank rates of major banks for the
LIBOR Currency, or 

  

	 	Ÿ	 	if “LIBOR Reuters” is specified above, the display on the Reuter Monitor Money Rates Service or any successor service on the page specified above or any other page as may
replace the specified page on that service for the purpose of displaying the London interbank rates of major banks for the LIBOR Currency. 

  
 Determination of Treasury Rate. If an Interest Rate Basis for this Note specified above, is the Treasury Rate, the Treasury Rate shall be
determined on the particular Interest Determination Date (a “Treasury Rate Interest Determination Date”) “Treasury Rate” means: 
  

	 	(1)	 the rate from the auction held on the particular Treasury Rate Interest Determination Date (the “Auction”) of direct obligations of the United States
(“Treasury Bills”) having the Index Maturity specified above under the caption “INVESTMENT RATE” on the display on Moneyline Telerate or any successor service on page 56 or any other page as may replace page 56 on that service

  

 7 

	 	      	(“Moneyline Telerate Page 56”) or page 57 or any other page as may replace page 57 on that service (“Moneyline Telerate Page 57”), or 

 

	 	(2)	if the rate referred to in clause (1) is not published by 3:00 P.M., New York City time, on the related Calculation Date, the Bond Equivalent Yield, as defined below, of the rate
for the applicable Treasury Bills as published in H.15 Daily Update, or other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “U.S. Government Securities/Treasury Bills/Auction High”,
or 

  

	 	(3)	if the rate referred to in clause (2) is not published by 3:00 P.M., New York City time, on the related Calculation Date, the Bond Equivalent Yield of the auction rate of the
applicable Treasury Bills as announced by the United States Department of the Treasury, or 

  

	 	(4)	if the rate referred to in clause (3) is not announced by the United States Department of the Treasury, or if the Auction is not held, the Bond Equivalent Yield of the rate on the
particular Treasury Rate Interest Determination Date of the applicable Treasury Bills as published in H.15(519) under the caption “U.S. Government Securities/Treasury Bills/Secondary Market”, or 

  

	 	(5)	if the rate referred to in clause (4) is not published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Treasury Rate Interest
Determination Date of the applicable Treasury Bills as published in H.15 Daily Update, or other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “U.S. Government Securities/Treasury
Bills/Secondary Market”, or 

  

	 	(6)	if the rate referred to in clause (5) is not published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Treasury Rate Interest
Determination Date calculated by the Calculation Agent as the Bond Equivalent Yield of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City time, on that Treasury Rate Interest Determination Date, of
three primary United States government securities dealers selected by the Calculation Agent, for the issue of Treasury Bills with a remaining maturity closest to the particular Index Maturity, or 

  

	 	(7)	if the dealers selected by the Calculation Agent are not quoting as mentioned in clause (6), the Treasury Rate in effect on the particular Treasury Rate Interest Determination Date.

  
 “Bond Equivalent Yield” means a yield calculated in
accordance with the following formula and expressed as a percentage: 
  

	Bond Equivalent Yield 	  	=	  	 D x N

 360 – ( D x M )
	  	x	  	100

  
  

 8 

 where “D” refers to the applicable per annum rate for Treasury Bills quoted on a bank discount basis and
expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable interest period. 
  
 Any provisions contained herein with respect to the determination of one or more Interest Rate Bases, the specification of
one or more Interest Rate Bases, the calculation of the interest rate applicable to this Note, the Interest Payment Dates, the Stated Maturity, any redemption or repayment provisions, or any other matter relating hereto may be modified by the terms
as specified above under Other Provisions or in an Addendum relating hereto if so specified above. 
  
 Notwithstanding the foregoing, the interest rate hereon shall not be greater than the Maximum Interest Rate, if any, or less than the Minimum Interest
Rate, if any, specified above. The Calculation Agent shall calculate the interest rate hereon in accordance with the foregoing on or before each Calculation Date. The Company hereby covenants for the benefit of the Holder hereof, to the extent
permitted by applicable law, not to claim voluntarily the benefits of any laws concerning usurious rates of interest against such Holder. 
  
 Unless otherwise above, Merrill Lynch, Pierce, Fenner & Smith Incorporated will be the “Calculation Agent”. At the request of the Holder
hereof, the Calculation Agent shall provide to the Holder hereof the interest rate hereon then in effect and, if determined, the interest rate which shall become effective as of the next Interest Reset Date with respect to this Note. 
  
 Payment of principal, premium, if any, and interest in respect of this Note
due on the Maturity Date will be made in immediately available funds upon presentation and surrender of this Note (and, with respect to any applicable repayment of this Note, upon delivery of instructions as contemplated on the reverse hereof) at
the office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York. Payment of interest due on any Interest Payment Date other than the Maturity Date will be made at the aforementioned office or agency
maintained by the Company or, at the option of the Company, by check mailed to the address of the person entitled thereto as such address shall appear in the Security Register maintained by the Trustee on the record date; provided,
however, that a Holder of U.S.$10,000,000 or more in aggregate principal amount of Notes (whether having identical or different terms and provisions) will be entitled to receive interest payments on such Interest Payment Date by wire transfer
of immediately available funds if such Holder has delivered appropriate wire transfer instructions in writing to the Trustee not less than 15 calendar days prior to such Interest Payment Date. Any such wire transfer instructions received by the
Trustee shall remain in effect until revoked by such Holder. 
  
 If the Maturity Date of this Note falls on a day that is not a Business Day (as defined), the required payment of principal, premium, if any, and/or interest shall be made on the next succeeding Business Day and no interest shall accrue
with respect to the payment for the period from and after such Maturity Date to the date of such payment on the next succeeding Business Day. 
  
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof and, if so specified on the face hereof, in an Addendum
hereto, which further provisions shall have the same force and effect as if set forth on the face hereof. 
  

 9 

 Notwithstanding the foregoing, if an Addendum is attached hereto or “Other/Additional
Provisions” apply to this Note as specified above, this Note shall be subject to the terms set forth in such Addendum or such “Other/Additional Provisions”. 
  
 Unless the Certificate of Authentication hereon has been executed by the Trustee by manual signature, this Note shall not be
entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  

 10 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed, manually or in facsimile,
and an imprint or facsimile of its corporate seal to be imprinted hereon. 
  
 Dated:                      
  

	MERRILL LYNCH & CO., INC.
		
	By:	 	 
	 	

	 	 	 Russell L. Stein
 Treasurer

  
  
 [FACSIMILE OF SEAL] 
  

	Attest:
		
	By:	 	 
	 	

	 	 	 Judith A. Witterschein
 Secretary

  
  
 CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the

 series designated therein referred to 
 in the within-mentioned
Indenture. 
  

	 JPMORGAN CHASE BANK,
                 as Trustee

		
	By:	 	 
	 	

	 	 	Authorized Officer

  

 11 

 [ REVERSE OF NOTE] 
  
 MERRILL LYNCH &CO., INC. 
  
 MERRILL LYNCH CORENOTESM, a 
 MERRILL LYNCH NOTE 
 DUE NINE MONTHS OR MORE FROM DATE OF ISSUE 
  
 This Note
is one of a duly authorized series of Securities (the “Securities”) of the Company designated as its Merrill Lynch Notes Due Nine Months or More from Date of Issue (the “Notes”). The Notes are issued and to be issued under an
Indenture, dated as of October 1, 1993, as amended, modified or supplemented from time to time (the “Indenture”), between the Company and JPMorgan Chase Bank, as trustee (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, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders
of the Notes, and of the terms upon which the Notes are, and are to be, authenticated and delivered. All terms used but not defined in this Note or in an Addendum hereto shall have the meanings assigned to such terms in the Indenture or on the face
hereof, as the case may be. 
  
 This Note is issuable only in
registered form without coupons in minimum denominations of U.S. $1,000 and integral multiples thereof or other Authorized Denomination specified on the face hereof. 
  
 This Note shall be exchangeable for Notes in definitive form of like tenor and terms and of an equal aggregate principal
amount, in the Authorized Denomination specified on the face hereof only if (x) the Depository is at any time unwilling or unable to continue as depository or the depository has ceased to become a clearing agency under the Exchange Act and a
successor depository is not appointed by the Company within 60 calendar days, (y) the Company executes and delivers to the Trustee a Company Order to the effect that this Note shall be exchangeable or (z) an Event of Default has occurred and is
continuing with respect to the Notes under the Indenture. 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 Note as are necessary or appropriate to allow for the issuance of such definitive Notes. 
  
 This Note will not be subject to any sinking fund and, unless otherwise specified on the face hereof in accordance with the provisions described below,
will not be redeemable or repayable prior to the Stated Maturity Date. 
  
 This Note will be subject to redemption at the option of the Company on the Redemption Dates, if any, specified on the face hereof, in whole or from time to time in part in increments of U.S. $1,000 or other integral multiple of an
Authorized Denomination (provided that any remaining principal amount hereof shall be at least U.S. $1,000 or such other minimum Authorized Denomination), at a Redemption Price equal to 100% of the unpaid principal amount to be redeemed, together
with unpaid interest accrued thereon to the applicable Redemption Date, on written notice given to the Holder hereof (in accordance with the provisions of the 
  

 12 

 Indenture) not more than 60 nor less than 30 calendar days prior to the applicable Redemption Date. In the event of
redemption of this Note in part only, a new Note of like tenor for the unredeemed portion hereof and otherwise having the same terms and provisions as this Note shall be issued by the Company in the name of the Holder hereof upon the presentation
and surrender hereof. If no Redemption Dates are specified on the face hereof, this Note may not be redeemed at the option of the Company prior to the Stated Maturity Date. 
  
 If the Survivor’s Option is specified on the face hereof as being applicable to this Note, the Representative (as
defined below) of a deceased beneficial owner of this Note or a beneficial interest in this Note shall have the option to elect repayment of this Note in whole or in part following the death of such owner. “Representative” means the
representative of a deceased beneficial owner of the Note or a beneficial interest in this Note that has authority to act on behalf of the deceased beneficial owner of this Note under the laws of the appropriate jurisdiction (including, without
limitation, the personal representative, executor, surviving joint tenant or surviving tenant by the entirety of such deceased beneficial owner). Unless specifically provided on the face hereof or in an Addendum hereto, the Survivor’s Option
may not be exercised prior to the date that is six months after the acquisition of this Note, or a beneficial interest in this Note, by the deceased beneficial owner. If the Survivor’s Option is specified on the face hereof as not being
applicable to this Note, this Note may not be repaid at the option of a deceased beneficial owner hereof prior to the Stated Maturity Date. 
  
 Upon exercise of the Survivor’s Option, the Company shall repay this Note (or portion hereof) in an amount that is not less than $1,000, provided
that any remaining principal amount shall be an Authorized Denomination, at a price equal to 100 % of the principal amount of the beneficial interest of the deceased owner in this Note being repaid, plus accrued interest to, but excluding, the date
of such repayment. 
  
 Notwithstanding the foregoing, the Company
may, in its sole discretion, limit the aggregate principal amount of Notes (or portions thereof) as to which exercises of the Survivor’s Option shall be accepted in any calendar year (the “Annual Put Limitation”) to an amount equal to
the greater of (i) $5,000,000, or (ii) 5% of the principal amount of all Notes Outstanding (as defined in the Indenture) as of the end of the most recent calendar year. The Company may also, in its sole discretion, limit the aggregate principal
amount of Notes (or portions thereof) as to which exercise of the Survivor’s Option shall be accepted in any calendar year with respect to any individual deceased owner of beneficial interests in the Notes to $500,000 (the “Individual Put
Limitation”). 
  
 A valid exercise of the Survivor’s
Option with respect to this Note is irrevocable and, after such exercise, this Note (or portion hereof) may not be transferred prior to repayment by the Company. 
  
 For so long as this Note is represented by a Global Security, the Depository or its nominee shall be the Holder hereof and
therefore the Depository shall be the only entity that can exercise the Survivor’s Option with respect to this Note by delivery of the Option to Elect Repayment pursuant to the Survivor’s Option, the form of which is attached hereto. To
obtain repayment pursuant to exercise of the Survivor’s Option with respect to this Note, the Representative must provide to the Depository’s participant through which the beneficial interest 
  

 13 

 in this Note is held: (i) a written instruction to such participant to notify the Depository of the Representative’s
desire to exercise the Survivor’s Option, (ii) appropriate evidence satisfactory to the Company and the Trustee that (A) the deceased was the owner of a beneficial interest in this Note at the time of death, (B) the death of the beneficial
owner hereof has occurred and (C) the Representative has authority to act on behalf of the deceased beneficial owner, (iii) if the beneficial interest in this Note is held by a nominee of the deceased beneficial owner, a certificate satisfactory to
the Company and the Trustee from such nominee attesting to the deceased’s ownership of a beneficial interest in this Note, (iv) a duly completed “Repayment Election Form”, a copy of which is attached to this Note as Annex A, (v) if
applicable, a properly executed assignment or endorsement, (vi) tax waivers and any other instruments or documents that the Company or the Trustee reasonably requires in order to establish the validity of ownership of the beneficial interest in
this Note and the Representative’s entitlement to payment and (vii) any additional information the Company or the Trustee requires to document ownership or authority to exercise the Survivor’s Option and to cause the repayment of this Note
(or portion thereof). The participant shall deliver to the Trustee (i) each of the documents described in the immediately preceding sentence together with a certificate satisfactory to the Trustee from such participant stating that it represents the
deceased beneficial owner of this Note or a beneficial interest in this Note. 
  
 The participant shall be responsible for disbursing any payments it receives from the Trustee pursuant to exercise of the Survivor’s Option to the appropriate Representative. 
  
 Subject to the Company’s right hereunder to limit the aggregate
principal amount of Notes as to which exercises of the Survivor’s Option shall be accepted in any one calendar year, all other questions regarding the eligibility or validity of any exercise of the Survivor’s Option with respect to this
Note shall be determined by the Trustee, in its sole discretion, which determination shall be final and binding on all parties. In making any determinations hereunder, the Trustee may elect, in the exercise of its own discretion, to consult with
Company personnel and seek the advice of the Company, but it is in no way obligated to do so. The Trustee may rely on any advice provided to it by the Company in connection herewith. 
  
 Each Note (or portion thereof) that is tendered pursuant to valid exercise of the Survivor’s Option shall be accepted
promptly in the order received by the Trustee, except for any Note (or portion thereof) the acceptance of which would contravene (i) the Annual Put Limitation, if applied, or (ii) the Individual Put Limitation, if applied. Each Note (or portion
thereof) that has been tendered for repayment in connection with the exercise of the Survivor’s Option that is not accepted by the Trustee in any calendar year because such acceptance would have contravened either the Annual Put Limitation or
the Individual Put Limitation shall be deemed to be tendered on the first day of the following calendar year in the order all such Notes (or portions thereof) were originally tendered. Notes (or portion thereof) accepted for repayment pursuant to
exercise of the Survivor’s Option shall be repaid no later than the first Interest Payment Date that occurs at least 20 calendar days after the date of such acceptance. In the event that a Note (or any portion thereof) tendered for repayment
pursuant to valid exercise of the Survivor’s Option is not accepted, the Trustee shall deliver a written notice by first-class mail to the registered Holder thereof at its last known address as indicated in the Security Register, that states
the reason such Note (or portion thereof) has not been accepted for payment. 
  

 14 

 For purposes of the Survivor’s Option, the death of a person owning this Note in joint tenancy or
tenancy by the entirety with another or others shall be deemed the death of the Holder hereof, and the entire Principal Amount hereof shall be subject to repayment. The death of a person owning this Note by tenancy in common shall be deemed the
death of a Holder hereof only with respect to the deceased Holder’s interest in this Note; except that in the event this Note is held by husband and wife as tenants in common, the death of either shall be deemed the death of the Holder hereof,
and the entire principal amount of this Note so held shall be subject to repayment. The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial interests of ownership of this Note, shall be deemed the
death of the Holder hereof for purposes of this provision, regardless of the registered Holder, if such beneficial interest can be established to the satisfaction of the Trustee. Such beneficial interest shall be deemed to exist in typical cases of
nominee ownership, ownership under the Uniform Transfers to Minors Act, community property or other joint ownership arrangements between a husband and wife and custodial and trust arrangements where one person has substantially all of the beneficial
ownership interest in this Note during his or her lifetime. 
  
 Notes beneficially owned by a trust will be regarded as beneficially owned by each beneficiary of the trust to the extent of that beneficiary’s interest in the trust. The death of a beneficiary of a trust will be deemed the death of
the beneficial owner of the Notes beneficially owned by the trust to the extent of that beneficiary’s interest in the trust. The death of an individual who was a tenant by the entirety or joint tenant in a tenancy which is the beneficiary of a
trust will be deemed the death of the beneficiary of the trust. The death of an individual who was a tenant in common in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust only with respect to the
deceased holder’s beneficial interest in the Note, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the death of the beneficiary of the trust. 
  
 If this Note is specified on the face hereof to be a Discount Note, the
amount payable to the Holder of this Note in the event of redemption, repayment or acceleration of maturity will be equal to the sum of (1) the Issue Price specified on the face hereof (increased by any accruals of the Discount, as defined below)
and (2) any unpaid interest accrued thereon to the Redemption Date, or date of acceleration of maturity, as the case may be. The difference between the Issue Price and 100% of the principal amount of this Note is referred to herein as the
“Discount”. 
  
 For purposes of determining the amount
of Discount that has accrued as of any Redemption Date or date of acceleration of maturity of this Note, such Discount will be accrued so as to cause the yield on the Note to be constant. The constant yield will be calculated using a 30-day month,
360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between Interest Payment Dates (with ratable accruals within a compounding period) and an assumption that the
maturity of this Note will not be accelerated. If the period from the Original Issue Date to the initial Interest Payment Date (the “Initial Period”) is shorter than the compounding period for this Note, a proportionate amount of the yield
for an entire compounding period will be accrued. If the Initial Period is longer than the compounding period, then such period will be divided into a regular compounding period and a short period, with the short period being treated as provided in
the preceding sentence. 
  

 15 

 If an Event of Default shall occur and be continuing, the principal of the Notes may, and in certain
cases shall, be accelerated in the manner and with the effect provided in the Indenture. 
  
 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 a 662/3% of the aggregate principal amount of the Securities at the time Outstanding, as defined in the
Indenture, of each series affected thereby. The Indenture also contains provisions permitting the 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 the Securities of each series, 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 Note shall be
conclusive and binding upon such Holder and upon all future Holders of this 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 Note. 
  
 No reference herein to the Indenture and no
provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay principal, premium, if any, and interest in respect of this Note at the times, places and rate or formula,
and in the coin or currency, herein prescribed. 
  
 As provided in
the Indenture and subject to certain limitations therein and herein set forth, the transfer of this Note is registrable in the Security Register of the Company upon surrender of this 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 Notes of Authorized Denominations and for the same aggregate principal amount, will be issued by the Company to the designated transferee or transferees. 
  
 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. 
  
 Prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Holder as the owner hereof for all purposes, whether or not this
Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary, except as required by law. 
  
 THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 All terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture. 
  

 16 

 ABBREVIATIONS 
  
 The following abbreviations, when used in the inscription on the face of this Note, shall be construed as though they were written out in full according to applicable
laws or regulations: 
  

	 TEN COM
	 	—  as tenants in common	 	UNIF GIFT MIN ACT	 	-_______ Custodian______
	 TEN ENT
	 	—  as tenants by the entireties	 	 	 	    (Cust)                     (Minor)
	 JT TEN
	 	 —  as joint tenants with
       right of survivorship and
       not as tenants in common
	 	 	 	under Uniform Gifts to Minors Act__________________
                    (State)

  
 Additional
abbreviations may also be used though not in the above list. 
  

  
 ASSIGNMENT/TRANSFER FORM 
  
 FOR VALUE RECEIVED, the undersigned 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.

  

 17 

 ANNEX A 
  
 REPAYMENT ELECTION FORM 
  
 MERRILL LYNCH & CO., INC. 
  
 MERRILL LYNCH CORENOTESSM

  
 CUSIP NUMBER _______________ 
  
 To: Merrill Lynch & Co., Inc. 
  
 The undersigned financial institution (the “Financial Institution”) represents the
following: 
  

	 	Ÿ	 	The Financial Institution has received a request for repayment from the executor or other authorized representative (the “Authorized Representative”) of the deceased
beneficial owner listed below (the “Deceased Beneficial Owner”) of              Merrill Lynch Notes (CUSIP No.
                         ) (the “Notes”). 

  
 Ÿ At the time of his or her death, the Deceased Beneficial Owner owned Notes in the principal amount
listed below, and the Financial Institution currently holds such Notes as a direct or indirect participant in The Depository Trust Company (the “Depository”). 
  
 The Financial Institution agrees to the following terms: 
  

	 	Ÿ	 	The Financial Institution shall follow the instructions (the “Instructions”) accompanying this Repayment Election Form (the “Form”). 

  

	 	Ÿ	 	The Financial Institution shall make all records specified in the Instructions supporting the above representations available to Merrill Lynch & Co., Inc. (the
“Company”) for inspection and review within five Business Days of the Company’s request. 

  

	 	Ÿ	 	If the Financial Institution or the Company, in either’s reasonable discretion, deems any of the records specified in the Instructions supporting the above representations
unsatisfactory to substantiate a claim for repayment, the Financial Institution shall not be obligated to submit this Form, and the Company may deny repayment. If the Financial Institution cannot substantiate a claim for repayment, it shall notify
the Company immediately. 

  

 18 

	 	Ÿ	 	Other than as described in the prospectus supplement in the limited situation involving tenders of Notes that are not accepted during one calendar year as a result of the Annual Put
Limitation, repayment elections may not be withdrawn. 

  

	 	Ÿ	 	The Financial Institution agrees to indemnify and hold harmless the Company against and from any and all claims, liabilities, costs, losses, expenses, suits and damages resulting
from the Financial Institution’s above representations and request for repayment on behalf of the Authorized Representative. 

  
  
 REPAYMENT ELECTION FORM 
  
 (1) 
 _______________________________________________ 
                 Name of Deceased Beneficial Owner 
  
 (2) 
 _______________________________________________ 
                                 Date of Death 
  
 (3) 
 _______________________________________________ 
 Name of Authorized Representative Requesting Repayment 
  
 (4) 
 _______________________________________________ 
     Name of Financial Institution Requesting Repayment 
  
 (5) 
 _______________________________________________ 
 Signature of Representative of Financial Institution Requesting Repayment 
  
 (6) 
 _______________________________________________ 
             Principal Amount of
Requested Repayment 
  
 (7) 
 _______________________________________________ 
                             Date of Election 
  

 19 

 (8) 
 _______________________________________________ 
                     Date Requested for Repayment 
  
 (9) Financial Institution Representative: 
       Name: 
       Phone Number: 
       Fax Number: 
       Mailing Address (no P.O. Boxes): 
  
 (10) Wire instructions for payment: 
          Bank Name: 
          ABA Number: 
          Account Name: 
          Reference (optional):

  
  
 TO BE COMPLETED BY THE COMPANY: 
  
 (A) Election Number*: 
 (B) Delivery and Payment Date: 
 (C) Principal Amount: 
 (D) Accrued Interest: 
 (E) Date of Receipt of Form by the Company:

 (F) Date of Acknowledgment by the Company: 
  
 ____________ 
  

	*	To be assigned by the Company upon receipt of this Form. An acknowledgement, in the form of a copy of this document with the assigned Election Number, will be returned to the party
and location designated on line (9) above. 

  
 INSTRUCTIONS FOR COMPLETING REPAYMENT ELECTION FORM 
 AND EXERCISING SURVIVOR’S OPTION 
  
 Capitalized terms used and not defined herein have the meanings defined in
the accompanying Repayment Election Form. 
  

 20 

	1.	Collect and retain for a period of at least three years (1) satisfactory evidence of the authority of the Authorized Representative, (2) satisfactory evidence of death of the
Deceased Beneficial Owner, (3) satisfactory evidence that the Deceased Beneficial Owner beneficially owned, at the time of his or her death, the Notes being submitted for repayment pursuant to the Survivor Option, and (4) any necessary tax waivers.
For purposes of determining whether the Company will deem Notes beneficially owned by an individual at the time of death, the following rules shall apply: 

  

	 	—	Notes beneficially owned by tenants by the entirety or joint tenants will be regarded as beneficially owned by a single owner. The death of a tenant by the entirety or joint tenant
will be deemed the death of the beneficial owner, and the Notes beneficially owned will become eligible for repayment. The death of a person beneficially owning a Note by tenancy in common will be deemed the death of a holder of a Note only with
respect to the deceased holder’s interest in the Note so held by tenancy in common, unless a husband and wife are the tenants in common, in which case the death of either will be deemed the death of the holder of the Note, and the entire
principal amount of the Note so held will be eligible for repayment. 

  

	 	—	Notes beneficially owned by a trust will be regarded as beneficially owned by each beneficiary of the trust to the extent of that beneficiary’s interest in the trust (however,
a trust’s beneficiaries collectively cannot be beneficial owners of more Notes than are owned by the trust). The death of a beneficiary of a trust will be deemed the death of the beneficial owner of the Notes beneficially owned by the trust to
the extent of that beneficiary’s interest in the trust. The death of an individual who was a tenant by the entirety or joint tenant in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust. The
death of an individual who was a tenant in common in a tenancy which is the beneficiary of a trust will be deemed the death of the beneficiary of the trust only with respect to the deceased holder’s beneficial interest in the Note, unless a
husband and wife are the tenants in common, in which case the death of either will be deemed the death of the beneficiary of the trust. 

  

	 	—	The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial interest in a Note will be deemed the death of the beneficial owner of
that Note, regardless of the registration of ownership, if such beneficial interest can be established to the satisfaction of the Trustee. Such beneficial interest will exist in many cases of street name or nominee ownership, ownership by a trustee,
ownership under the Uniform Gift to Minors Act and community property or other joint ownership arrangements between spouses. Beneficial interest will be evidenced by such factors as the power to sell or otherwise dispose of a Note, the right to
receive the proceeds of sale or disposition and the right to receive interest and principal payments on a Note. 

  

	2.	Indicate the name of the Deceased Beneficial Owner on line (1). 

  

 21 

	3.	Indicate the date of death of the Deceased Beneficial Owner on line (2). 

  

	4.	Indicate the name of the Authorized Representative requesting repayment on line (3). 

  

	5.	Indicate the name of the Financial Institution requesting repayment on line (4). 

  

	6.	Affix the authorized signature of the Financial Institution’s representative on line (5). THE SIGNATURE MUST BE MEDALLION SIGNATURE GUARANTEED. 

  

	7.	Indicate the principal amount of Notes to be repaid on line (6). 

  

	8.	Indicate the date this Form was completed on line (7). 

  

	9.	Indicate the date of requested repayment on line (8). The date of requested repayment may not be earlier than the first Interest Payment Date to occur at least 20 calendar days
after the date of the Company’s acceptance of the Notes for repayment, unless such date is not a Business Day, in which case the date of requested payment may be no earlier than the next succeeding Business Day. 

  

	10.	Indicate the name, mailing address (no P.O. boxes, please), telephone number and facsimile-transmission number of the party to whom the acknowledgment of this election may be sent
on line (9). 

  

	11.	Indicate the wire instruction for payment on line (10). 

  

	12.	Leave lines (A), (B), (C), (D), (E) and (F) blank. 

  

	13.	Mail or otherwise deliver an original copy of the completed Form to: 

  
 JPMorgan Chase Bank 
 Attn: Review and
Certifications Section 
 Mortgage Banking Custody Services 
 1111 Fannin Street, 12th Floor 
 Houston, Texas 77002 
 Telephone number: (713)
427-6484 
  

 22 

 FACSIMILE TRANSMISSIONS OF THE REPAYMENT ELECTION FORM 
                 WILL NOT BE ACCEPTED. 
  

	14.	If the acknowledgement of the Company’s receipt of this Form, including the assigned Election Number, is not received within 10 days of the date such information is sent to the
Trustee, contact the Company’s Corporate Secretary’s Office, at Merrill Lynch & Co., Inc., 222 Broadway, 17th Floor, New York, New York 10038, Telephone number: (212)670-0432. 

  
 For assistance with this Form or any questions relating thereto, please contact the Company’s Secretary’s Office at Merrill Lynch & Co.,
Inc., 222 Broadway, 17th Floor, New York, New York 10038, Telephone number: (212) 670-0432. 
  

 23 

 OPTION TO ELECT REPAYMENT 
 PURSUANT TO SURVIVOR’S OPTION 
  
 The
undersigned hereby irrevocably requests and instructs the Company to repay the within Security (or the portion thereof specified below), pursuant to its terms, on the “Repayment Date”, which shall be no later than the first Interest
Payment Date that occurs 20 or more calendar days after the date of the acceptance by the Company of this Option, at a Repayment Price equal to 100% of the principal amount thereof, together with interest thereon accrued to the Repayment Date, to
the undersigned at: 
  
                                       
                                        
                                        
                                        
                                    
                                       
                                        
                                        
                                        
                                    
 (Please Print or Type Name and Address of the Undersigned.) 
  
 For this Option to Elect Repayment Pursuant to Survivor’s Option to be effective, this Security with the Option to Elect Repayment Pursuant to Survivor’s Option
duly completed must be received by the Company at its office or agency in the Borough of Manhattan, the City and State of New York (which will be located initially at the office of the Trustee at JPMorgan Chase Bank, ITS-Securities Window, 4 New
York Plaza, Ground Floor, New York City). 
  
 [If less than the entire principal
amount of the within Security is to be repaid, specify the portion thereof (which shall be $1,000 or an integral multiple thereof) which is to be repaid: $            . The Principal amount
of this Security may not be repaid in part if, following such repayment, the unpaid principal amount of this Security would be less than $1,000.] 
  
 [If less than the entire principal amount of the within Security is to be repaid, specify the denomination(s) of the Securit(ies) to be issued for the unpaid amount
($             or any integral multiple of $            );
$            .] 
  

	Dated:	 	                                       
                                        
                          
 Note: The signature to this Option to Elect Repayment Pursuant to Survivor’s Option must correspond with the name as written upon the face of the within Security in every particular without alterations or enlargement or any change
whatsoever.]

  

 24

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