Merrill Lynch International (MLI) is working on the architecture for a number of structured product...
Merrill Lynch International (MLI) is working on the architecture for a number of structured product deals aimed at discretionary managers and other product providers. MLI, the banking arm of Merrill Lynch, is planning medium-term note structures linked to the FTSE 100 index, with other indices to be included subject to demand. The structures essentially combine a fixed-term bond with a number of options on the performance of the underlying index. These can then be wrapped by intermediaries or other providers for distribution to investors as a white-labelled product or under the Merrill Lynch brand. Merrill Lynch Investment Managers will not be involved in their distribution.
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