Merrill Lynch MITTS Select Sector Fund Growth due 5/25/2006
GWM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Apr 8, 2008
- Similar Companies
- Business
- Merrill Lynch MITTS Select Sector Fund Growth due 5/25/2006 (Ticker: GWM) represents a structured note product issued by Merrill Lynch & Co., providing principal-protected exposure to growth-oriented performance within select sectors of the U.S. equity market; it offers investors participation in the appreciation of a basket or index tied to high-growth sector constituents, subject to a cap or formula at maturity, with a guaranteed return of principal if held to term. The security, traded on the American Stock Exchange (AMEX) under CUSIP 590188447, matures on May 25, 2006, delivering payouts based on index-linked growth metrics while minimizing downside risk through Merrill Lynch's credit backing. Headquartered in New York, New York, as part of Merrill Lynch's structured products division founded in the mid-20th century, the issuer operates globally across wealth management, investment banking, and capital markets segments targeting retail and institutional investors seeking equity-linked income with protection. Core offerings encompass Market Index Target-Term Securities (MITTS) in variants linked to sector indices such as technology, consumer discretionary, or growth composites; these provide customized upside potential from S&P Select Sector Indices or similar benchmarks, often with step-up or leveraged features; related products include principal-protected notes on broad indices like the S&P 500 or Russell 2000, emphasizing growth sectors for targeted returns. The GWM note specifically focuses on select sector growth dynamics, blending exposure across high-potential industries while capping maximum gains and ensuring principal repayment at maturity regardless of market performance. No major changes, partnerships, funding rounds, acquisitions, new launches, or strategic shifts have occurred for this matured product in the last 1-2 years, as it reached its scheduled redemption on May 25, 2006, with current trading reflecting residual liquidity or secondary market activity at low valuations around $0.28 per share. Post-2008, Merrill Lynch integrated into Bank of America, transitioning MITTS issuance under broader structured investment platforms, but GWM remains a legacy offering without recent operational updates or reorganizations. Geographic operations historically spanned U.S. and international markets through Merrill Lynch's global wealth management (GWM) network, now part of Bank of America's infrastructure serving clients worldwide.