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
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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
