Saturday, November 18, 2006

MITTS Market Index Target Term Securities

MITTS, which are Market Index Target Term Securities are investments that are traded on the New York Stock Exchange and American Stock Exchange. They have guaranteed principal, growth potential which is unlimited, and a guaranteed return. They are primarily issued by Merrill Lynch. Some examples:

S&P500 MITTS 07 (IEM)
RUSSELL2000 MITTS (RRM)
NIKKEI225 MITTS09 (MNK)

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