424B3 1 0001.txt PRICING SUPPLEMENT NO. 3 Pricing Supplement No. 3 Filing under Rule 424(b) (3) Dated December 19, 2000 Registration File No. 333-77569 (to Prospectus dated August 3, 2000 and Prospectus Supplement dated September 7, 2000) Merck & Co., Inc. Medium-Term Notes, Series D Floating Rate Notes Principal Amount $25,000,000 Trade Date: December 19, 2000 Settlement Date (Original Issue Date): December 27, 2000 Stated Maturity: December 27, 2040 Interest Rate Basis: 1-month LIBOR Spread: Minus 45 basis points Initial Interest Rate: 1-month LIBOR, determined as if the original issue date were an interest reset date, minus the spread Interest Reset Dates: Monthly, on the 27th day of each month Interest Payment Dates: Monthly, on the 27th day of each month, commencing January 27, 2001 Issue Price: 100.00% of the principal amount Agent's Commission: 1.00% of the principal amount Net Proceeds to Merck: 99.00% of the principal amount Calculation Agent: U.S. Bank Trust National Association CUSIP: 58933N AP 4 Optional Repayment Dates: The notes will be repaid at the option of the holder on the optional repayment dates (subject to prior notice) and at the repayment prices as shown below: Optional Repayment Dates Repayment Price ------------------------ --------------- December 27, 2010 99.00% December 27, 2013 99.25% December 27, 2016 99.50% December 27, 2019 99.75% December 27, 2022 and 100.00% December 27 of each third year thereafter until maturity Underwriter Salomon Smith Barney Inc. SALOMON SMITH BARNEY