|
Composition of Regional Bank
HOLDRS
The specific share amounts
for each round-lot of 100 Regional Bank 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 |
| AmSouth Bancorporation | ASO | 12.00 | 2.13% |
| Bank One Corp | ONE | 33.00 | 13.29% |
| BB&T Corporation | BBT | 10.00 | 2.66% |
| Comerica Incorporated | CMA | 5.00 | 2.01% |
| Fifth Third Bancorp | FITB | 13.50 | 5.66% |
| Fleetboston Finl Corp | FBF | 25.00 | 8.28% |
| KeyCorp (New) | KEY | 13.00 | 3.00% |
| Marshall & Ilsley Corporation | MI | 6.00 | 1.70% |
| Mellon Finl Corp | MEL | 14.00 | 3.32% |
| National City Corporation | NCC | 18.00 | 4.83% |
| Northern Trust Corporation | NTRS | 7.00 | 2.47% |
| Piper Jaffray Cos | PJC | 0.57 | 0.22% |
| State Street Corporation | STT | 10.00 | 3.93% |
| SunTrust Banks, Inc. | STI | 9.00 | 4.67% |
| Synovus Financial Corp. | SNV | 8.00 | 1.37% |
| The PNC Financial Services Group, Inc. | PNC | 9.00 | 3.78% |
| US Bancorp Del | USB | 56.83 | 11.82% |
| Wachovia Corp | WB | 41.00 | 14.47% |
| Wells Fargo & Company | WFC | 24.00 | 10.39% |
Download the component list
|
|
|
Trading Unit
A round
lot is 100 HOLDRS. Odd lots (fewer than 100 HOLDRS) WILL NOT
TRADE. |
|
Price
Quotations
Quoted in dollars and fractions of a dollar per HOLDRS.
Minimum “tick” is 1/16th ($0.0625). |
|
How to Purchase or Sell
Regional Bank HOLDRS
Internet 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.
Regional Bank HOLDRS may be disposed of in two ways:
- Regional Bank HOLDRS may be canceled by turning them into the trustee, The
Bank of New York, and withdrawing the underlying securities, or
- Regional Bank HOLDRS may be sold on the secondary market.
|
|
Selling Short
Exempt
from SEC Rule 10a-1(short sale rule). |
|
Life of Regional Bank HOLDRS
Trust
The Regional Bank HOLDRS Trust will terminate should any of the
following occur:
- The Regional Bank 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 Regional Bank 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. |
|
Shares
Outstanding
The number of outstanding Regional Bank HOLDRS will increase
and decrease as a result of deposits and withdrawals of the underlying
securities. The trust will stand ready to issue additional Regional Bank HOLDRS
on a continuous basis when an investor deposits the required shares of common
stock with the trustee. |
|
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 Regional Bank 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:
Regional Bank HOLDRS may be created by delivering to the trust the requisite
whole shares of common stock evidencing an Regional Bank HOLDRS, The Bank of New
York as trustee will charge an issuance fee of up to $10.00 for each round-lot
of 100 Regional Bank HOLDRS. To cancel Internet 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 Regional Bank HOLDRS.
You can only deposit or cancel Regional Bank HOLDRS on an in-kind basis in
round-lots of 100 Internet HOLDRS. |
|
Minimum Customer
Margin
For purchases, 50%; for short sales, 150%. |
|
Settlement
Date
For trades, three New York business days. HOLDRS are in book-entry
form held at The Depository Trust Company (DTC). |
|
Settlement
Next New York business day following
expiration. |
|
Trading
Hours
9:30 a.m. to 4 p.m. New York time. |
|
Trading
System
Specialist/Registered Options Trader. |
|
CUSIP
Number
759 02E 10 0 |
|
|
The information
in this specification sheet is not complete and may be changed. For complete
details regarding rights relating to Regional Bank HOLDRS and rights relating to
the underlying securities please refer to the prospectus. This is not an offer
to sell Regional Bank HOLDRS and we are not soliciting offers to buy Regional
Bank 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. |
