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Composition of Broadband HOLDRS
The specific share amounts for each round-lot
of 100 Broadband HOLDRS are set forth in the table below. The share amounts specified will not
change except for changes due to corporate actions or reconstitution events. Component list as of 03/22/04
| Company Name | Symbol | # of shares | % Weight |
| Agere Sys Inc | AGRA | 0.31 | 0.06% |
| Agere Sys Inc | AGRB | 7.67 | 1.45% |
| Applied Micro Circuits Corp | AMCC | 2.00 | 0.73% |
| Broadcom Corp | BRCM | 2.00 | 4.86% |
| Ciena Corporation | CIEN | 2.00 | 0.65% |
| Comverse Technology Inc | CMVT | 2.00 | 2.22% |
| Conexant Systems Inc | CNXT | 2.00 | 0.81% |
| Copper Mtn Networks Inc | CMTN | 0.10 | 0.07% |
| Corning Incorporated | GLW | 9.00 | 6.09% |
| Jds Uniphase Corp | JDSU | 11.80 | 3.02% |
| Lucent Technologies Inc. | LU | 29.00 | 7.39% |
| Mindspeed Technologies Inc | MSPD | 0.67 | 0.26% |
| Motorola, Inc. | MOT | 18.00 | 19.52% |
| Nortel Networks Corp | NT | 28.00 | 9.91% |
| Pmc-Sierra Inc | PMCS | 1.00 | 1.06% |
| QUALCOMM Incorporated | QCOM | 8.00 | 32.96% |
| Rf Microdevices Inc | RFMD | 2.00 | 1.05% |
| Scientific-Atlanta, Inc. | SFA | 2.00 | 4.00% |
| Skyworks Solutions Inc | SWKS | 0.70 | 0.49% |
| Sycamore Networks Inc | SCMR | 3.00 | 0.80% |
| Tellabs, Inc. | TLAB | 4.00 | 2.20% |
| Terayon Communication Sys | TERN | 2.00 | 0.40% |
Download the component list
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Trading Units
A round
lot is 100 HOLDRS. Odd lots (fewer than 100 HOLDRS) WILL NOT
TRADE. |
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Price
Quotations
Quoted in dollars and fractions of a dollar per HOLDRS.
Minimum “tick” is 1/16th ($0.0625). |
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How to Purchase or Sell
Broadband HOLDRS
Broadband HOLDRS may be acquired in two ways:
- through the deposit of the required number of shares of common stock of the
underlying issuers with the trustee, or
- through a cash purchase in the secondary trading market.
Broadband HOLDRS may be disposed of in two ways:
- Broadband HOLDRS may be canceled by turning them into the trustee, The Bank
of New York, and withdrawing the underlying securities, or
- Broadband HOLDRS may be sold on the secondary market.
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Selling Short
Exempt
from SEC Rule 10a-1(short sale rule). |
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Life of Broadband HOLDRS
Trust
The Broadband HOLDRS Trust will terminate should any of the
following occur:
- The Broadband HOLDRS are delisted from The American Stock Exchange and are
not listed for trading on another national securities exchange or through NASDAQ
within 5 business days from the date of delisting.
- The Trustee resigns and no successor trustee is appointed within 60 days
from the date the trustee provides notice of its intent to resign.
- 75% of beneficial owners of outstanding Broadband HOLDRS vote to dissolve
and liquidate the trust.
- Final termination date December 31, 2040.
If a termination event occurs, the trustee will distribute the underlying
securities to owners as promptly as practicable after the termination
event. |
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Shares
Outstanding
The number of outstanding Broadband HOLDRS will increase and
decrease as a result of deposits and withdrawals of the underlying securities.
The trust will stand ready to issue additional Broadband HOLDRS on a continuous
basis when an investor deposits the required shares of common stock with the
trustee. |
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Fees and
Expenses
Custody Fees: The Bank of New York, as trustee and
custodian, will charge you a quarterly custody fee of $2.00 for each round-lot
of 100 Broadband HOLDRS to be deducted from any cash dividend or other cash
distribution on underlying securities received by the trust. The Trustee will
waive any portion of the custody fee which exceeds the total cash dividends and
other cash distributions received.
Issuance and Cancellation Fees:
Broadband HOLDRS may be created by delivering to the trust the requisite whole
shares of common stock evidencing an Broadband HOLDRS, The Bank of New York as
trustee will charge an issuance fee of up to $10.00 for each round-lot of 100
Broadband HOLDRS. To cancel Broadband HOLDRS and withdraw the underlying
securities, The Bank of New York as trustee will charge a cancellation fee of up
to $10.00 for each round-lot of 100 Broadband HOLDRS. You can only deposit or
cancel Broadband HOLDRS on an in-kind basis in round-lots of 100 Broadband
HOLDRS. |
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Minimum Customer
Margin
For purchases, 50%; for short sales, 150%. |
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Settlement
Date
For trades, three New York business days. HOLDRS are in book-entry
form held at The Depository Trust Company (DTC). |
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Trading
Hours
9:30 a.m. to 4 p.m. New York time. |
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Trading
System
Specialist/Registered Options Trader. |
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CUSIP
Number
111 30P 104 |
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The information
in this specification sheet is not complete and may be changed. For complete
details regarding rights relating to Broadband HOLDRS and rights relating to the
underlying securities please refer to the prospectus. This is not an offer to
sell Broadband HOLDRS and we are not soliciting offers to buy Broadband HOLDRS
in any state where such offer or sale is not permitted.
“HOLDRS” and
“HOLding Company Depositary Receipts” are service
marks of Merrill Lynch & Co., Inc. |
