Description of Product
The Wireless HOLDRS
will issue Depositary Receipts
called Wireless HOLDRS
representing an undivided beneficial ownership in the common stock of a group of
specified companies that are involved in various segments of the Wireless industry. The Bank of New York is the trustee. Wireless HOLDRS
may be acquired, held or transferred in a round-lot amount of 100 Wireless
HOLDRS or round-lot multiples. Wireless HOLDRS are separate from the
underlying deposited common stocks that are represented by the Wireless
HOLDRS. The Wireless HOLDRS Trust is not a registered investment company
under the Investment Company Act of 1940. |
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Composition of Wireless
HOLDRS
The specific share amounts
for each round-lot of 100 Wireless 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 12/27/04.
| Company Name | Symbol | # of shares | % Weight |
| Aether Sys Inc | AETH | 1.00 | 0.06% |
| Crown Castle Intl Corp | CCI | 40.00 | 1.24% |
| Deutsche Telekom Ag | DT | 4.00 | 6.90% |
| Ericsson L M Tel Co | ERICY | 18.48 | 3.92% |
| Sprint Corporation | FON | 7.40 | 4.40% |
| Freescale Semiconductor In | FSLB | 17.00 | 1.43% |
| Motorola, Inc. | MOT | 41.00 | 11.70% |
| Nokia Corp. | NOK | 16.00 | 5.97% |
| Nextel Communications Inc Cl A | NXTL | 4.00 | 8.33% |
| Nextel Partners Inc | NXTP | 23.00 | 1.44% |
| QUALCOMM Incorporated | QCOM | 13.00 | 19.07% |
| Rf Microdevices Inc | RFMD | 2.00 | 0.40% |
| Research In Motion Ltd | RIMM | 4.00 | 5.36% |
| Korea Mobile Telecommunications Corp. | SKM | 21.00 | 6.48% |
| S R Telecom Inc | SRXA | 0.10 | 0.00% |
| Telesp Celular Part S A | TCP | 21.00 | 0.33% |
| United States Cellular Corporation | USM | 3.00 | 0.83% |
| Vodafone Group Plc New | VOD | 1.00 | 9.67% |
| Verizon Communications | VZ | 17.00 | 11.11% |
| Western Wireless Corp Cl A | WWCA | 2.00 | 1.34% |
Download the component list
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Please refer to the prospectus for a more complete discussion of
reconstitution events and how they may affect shareholders of Wireless HOLDRS. |
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 cents. Minimum price variation will be $0.01 (a penny). |
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How to Purchase or Sell Wireless HOLDRS
Wireless 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.
Wireless HOLDRS may be disposed of in two ways:
- Wireless HOLDRS may be canceled by
turning them into the trustee, The Bank of New York, and
withdrawing the underlying securities, or
- Wireless 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 Wireless HOLDRS Trust
The Wireless HOLDRS Trust will terminate should any of the following occur:
- The Wireless 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
Wireless 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 Wireless HOLDRS will increase and decrease as a result of deposits
and withdrawals of the underlying securities. The trust will stand ready to issue
additional Wireless 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 Wireless 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: Wireless
HOLDRS may be created by delivering to the trust the requisite whole shares of common
stock evidencing an Wireless HOLDRS, The Bank of New York as trustee will charge an
issuance fee of up to $10.00 for each round-lot of 100 Wireless 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 Wireless HOLDRS. You can
only deposit or cancel Wireless 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
976 53L 20 8 |
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| The information in this specification sheet is
not complete and may be changed. For complete details regarding rights relating to
Wireless HOLDRS and rights relating to the underlying securities please refer to the
prospectus. This is not an offer to sell Wireless HOLDRS and we are not soliciting offers
to buy Wireless 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. |
