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Composition of Semiconductor
HOLDRS
The specific share amounts
for each round-lot of 100 Semiconductor HOLDRS are set forth in the table below and were
determined on 12/15/99 so that the initial weightings of each stock approximated the
relative market capitalizations of the specified companies, subject to a maximum weight of
20%. The share amounts specified will not change except for changes due to corporate
actions or reconstitution events. Component list as of 12/27/04.
| Company Name | Symbol | # of shares | % Weight |
| Advanced Micro Devices, Inc. | AMD | 4.00 | 1.96% |
| Altera Corporation | ALTR | 6.00 | 3.51% |
| Amkor Technology Inc | AMKR | 2.00 | 0.29% |
| Analog Devices, Inc. | ADI | 6.00 | 6.84% |
| Applied Materials Inc | AMAT | 26.00 | 13.75% |
| Atmel Corp | ATML | 8.00 | 0.82% |
| Broadcom Corp | BRCM | 2.00 | 2.04% |
| Intel Corporation | INTC | 30.00 | 22.05% |
| KLA-Tencor Corporation | KLAC | 3.00 | 4.22% |
| Linear Technology Corporation | LLTC | 5.00 | 4.79% |
| LSI Logic Corporation | LSI | 5.00 | 0.89% |
| Maxim Integrated Products Inc | MXIM | 5.00 | 6.33% |
| Micron Technology Inc. | MU | 9.00 | 3.77% |
| National Semiconductor Corporation | NSM | 3.00 | 3.17% |
| Novellus Systems Inc | NVLS | 2.00 | 1.69% |
| SanDisk Corporation | SNDK | 1.00 | 1.59% |
| Teradyne, Inc. | TER | 3.00 | 1.44% |
| Texas Instruments Incorporated | TXN | 22.00 | 15.73% |
| Vitesse Semiconductor Corp | VTSS | 3.00 | 0.31% |
| Xilinx Inc | XLNX | 5.00 | 4.25% |
Download the component list
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Trading Unit
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
Semiconductor 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.
Semiconductor HOLDRS may be disposed of in two ways:
- Semiconductor HOLDRS may be canceled by turning them into the trustee, The
Bank of New York, and withdrawing the underlying securities, or
- Semiconductor 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 Semiconductor HOLDRS
Trust
The Semiconductor HOLDRS Trust will terminate should any of the
following occur:
- The Semiconductor 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 Semiconductor 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 Semiconductor HOLDRS will increase
and decrease as a result of deposits and withdrawals of the underlying
securities. The trust will stand ready to issue additional Semiconductor 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 Semiconductor 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:
Semiconductor HOLDRS may be created by delivering to the trust the requisite
whole shares of common stock evidencing an Semiconductor HOLDRS, The Bank of New
York as trustee will charge an issuance fee of up to $10.00 for each round-lot
of 100 Semiconductor 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 Semiconductor HOLDRS.
You can only deposit or cancel Semiconductor HOLDRS on an in-kind basis in
round-lots of 100 Internet 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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Settlement
Next New York business day following
expiration. |
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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
816 636 20 3 |
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The information
in this specification sheet is not complete and may be changed. For complete
details regarding rights relating to Semiconductor HOLDRS and rights relating to
the underlying securities please refer to the prospectus. This is not an offer
to sell Semiconductor HOLDRS and we are not soliciting offers to buy
Semiconductor 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.
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