Pricing Supplement No. 1 Filing under Rule 424(b)(3)
Dated November 20, 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 $35,000,000
Trade Date: November 14, 2000
Settlement Date: November 27, 2000
Stated Maturity: November 27, 2040
Interest Rate Basis: 3-Month LIBOR
Spread: Minus 45 basis points
LIBOR Interest
Determination Date: Two New York Business Days prior to each Interest
Payment Date
Interest
Payment Dates: November 27, February 27, May 27, August 27, commencing
on February 27, 2001
Business Days: New York
Issue Price: 100.00%
Agent's
Commission: 1.00%
Net Proceeds
to Company: 99.00%
Calculation Agent: U.S. Bank Trust National Association
CUSIP: 58933NAM1
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Optional
Repayment Dates: The notes are redeemable at the option of the holder on
the Optional Repayment Dates (subject to prior notice)
and at the prices as shown below:
Optional Repayment Dates Price
------------------------ -----
November 27, 2010 99.00%
November 27, 2013 99.25%
November 27, 2016 99.50%
November 27, 2019 99.75%
November 27, 2022 and 100.00%
every 3 years thereafter
until maturity
Terms not defined above have the meanings given to such terms in the
accompanying prospectus supplement.
MORGAN STANLEY DEAN WITTER
