424B3 1 f424b3_telecom.htm TELECOM HOLDRS (SM) TRUST

 

PROSPECTUS SUPPLEMENT

REGISTRATION NO. 333-95807

(To Prospectus dated February 17, 2006)

Filed Pursuant to Rule 424(b)(3)

 

 

 

 

 

1,000,000,000 Depositary Receipts

Telecom HOLDRS (SM) Trust

 

This prospectus supplement supplements information contained in the prospectus dated February 17, 2006 relating to the sale of up to 1,000,000,000 depositary receipts by the Telecom HOLDRS (SM) Trust.

The share amounts specified in the table in the “Highlights of Telecom HOLDRS” section of the base prospectus shall be replaced with the following:

 

Name of Company(1)

Ticker

Share Amounts

Primary Trading Market

ALLTEL Corp.

AT

2

NYSE

AT&T Inc.(1)

T

50.7721

NYSE

BCE Inc.

BCE

4.575

NYSE

CenturyTel, Inc.

CTL

1

NYSE

Cincinnati Bell Incorporated

CBB

2

NYSE

Embarq Corporation

EQ

.830250654

NYSE

Level 3 Communications, Inc.

LVLT

3

NASDAQ

Qwest Communications International Inc.

Q

12.91728

NYSE

Sprint Nextel Corporation

S

16.60501308

NYSE

Telephone and Data Systems, Inc.

TDS

1

AMEX

Telephone and Data Systems, Inc. – Special Common Shares

TDS.S

1

AMEX

Verizon Communications

VZ

21.76

NYSE

Windstream Corporation

WIN

2.067852

NYSE

 

(1)

Effective January 3, 2007, as a result of the merger of BellSouth Corporation (NYSE Ticker: “BLS”) and AT&T Inc. (NYSE Ticker: “T”), two constituents of the Telecom HOLDRS Trust, BellSouth Corporation is no longer be an underlying constituent of the Telecom HOLDRS Trust. For the 15 shares of BellSouth Corporation per 100 shares round lot of Telecom HOLDRS, The Bank of New York received 19.875 shares of AT&T Inc. Effective January 3, 2007, creations and cancellations of Telecom HOLDRS Trust require 50.7721 shares of AT&T Inc.

 

The share amounts listed in the table above reflect all previous stock splits, dividends and business combination transactions.

The date of this prospectus supplement is March 31, 2007.