Merrill Lynch Depositor Inc. 6.0518% Index Plus Trust Series 2003-1
IPB
New York Stock Exchange25.65
USD
+0.02
- -
CIK
0001267332
ISIN
US45408V2034
CUSIP
45408V203
Return %
Stock
S&P500
1Y
1.58
19.25
3Y
1.62
65.11
5Y
-15.35
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- One Bryant Park, 4th Floor New York NY United States of America 10036
- IPO Date
- Jan 20, 2004
- CIK
- 0001267332
- Website
- ml.com
- Similar Companies
- Business
- Merrill Lynch Depositor Inc. 6.0518% Index Plus Trust Series 2003-1 Merrill Lynch Depositor Inc. 6.0518% Index Plus Trust Series 2003-1 (NYSE: IPB, CUSIP: 45408V203) operates as a closed-end investment trust formed under New York law, issuing fixed-rate certificates that provide investors with exposure to a portfolio of fifteen investment-grade corporate long-term debt securities; the trust maintains an initial pass-through rate of 6.0518% on $25 denominations, with distributions sourced solely from interest and principal payments on the underlying securities, semiannually from collection periods starting December 17, 2003; maturity occurs on May 15, 2033, absent earlier redemption or termination events tied to the collateral's performance. Sponsored by Merrill Lynch Depositor, Inc., a Delaware-incorporated limited-purpose subsidiary of the former Merrill Lynch & Co., Inc., now integrated within Bank of America Corporation Bank of America Corporation operations, the trust targets fixed-income investors seeking enhanced yields linked to corporate bond indices plus structured enhancements, primarily in the United States market through NYSE trading. Geographically focused on U.S. capital markets with underlying securities from domestic issuers, the trust emphasizes principal protection and income generation without recourse to the depositor, Merrill Lynch, Pierce, Fenner & Smith Incorporated as underwriter, or the trustee. Recent developments include sustained trading activity amid market volatility, with shares reflecting a 22.6% annual return outperforming the S&P 500 ETF SPDR S&P 500 ETF Trust at 14.2% over the past year as of late 2025, alongside quarterly Exchange Act filings confirming no material changes in accountants, legal proceedings, or operational structure; ongoing performance tracks creditworthiness of collateral issuers and interest rate environments, with no reported acquisitions, new issuances, or strategic shifts in the last 1-2 years, maintaining its legacy status as a mature structured product.