Pricing Supplement No. 5
Dated June 26, 2001
(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: $34,670,000
Trade Date: June 26, 2001
Settlement Date
(Original Issue Date): June 29, 2001
Stated Maturity: June 21, 2041
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 21st day of each month, based
on an interest rate set two business days
prior to each reset date, commencing
July 21, 2001
Interest Payment Dates: March 21, June 21, September 21 and
December 21 of each year, commencing
September 21, 2001
Issue Price: 100.00% of the principal amount
Underwriter's Discount: 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 AR 0
Optional
Repayment Dates: The notes will be repayable at the option of the
holder on at lease 30 days notice on the following
optional repayment dates and at the following repayment
prices:
Optional Repayment Date Repayment Price
------------------------ ---------------
June 21, 2011 99.00%
June 21, 2014 99.25%
June 21, 2017 99.50%
June 21, 2020 99.75%
June 21, 2023 and 100.00%
June 21 of each
third year thereafter
until maturity
Optional Redemption: The notes may be redeemed at any time, at the option of
Merck, in whole or in part, in amounts of $1,000 or any
multiple of $1,000, at the following redemption prices,
if redeemed during the following 12-month periods:
Redemption Period Redemption Price
------------------------ ----------------
June 21, 2031 through June 20, 2032 105.00%
June 21, 2032 through June 20, 2033 104.50%
June 21, 2033 through June 20, 2034 104.00%
June 21, 2034 through June 20, 2035 103.50%
June 21, 2035 through June 20, 2036 103.00%
June 21, 2036 through June 20, 2037 102.50%
June 21, 2037 through June 20, 2038 102.50%
June 21, 2038 through June 20, 2039 101.50%
June 21, 2039 through June 20, 2040 101.00%
June 21, 2040 through June 20, 2041 100.50%
Underwriter: UBS Warburg LLC
UBS WARBURG LLC