Merrill launches follow-up retail CLN in Singapore


Merrill Lynch is offering its second credit-linked retail structured note in Singapore. The Jubilee Series 3 LinkEarner Notes are linked to five subordinated or senior unsecured obligations of the following entities: Lehman Brothers, Macquarie Bank, Morgan Stanley, OCBC and UOB. The seven-year callable notes are denominated in US and Singapore dollars, with minimum investments of $10,000 and S$20,000 respectively. The annual interest coupons for the first two years will be 5.25% for the SGD-

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