424B3 1 f424b3_103102-telecom.txt PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE NO. 424(b)(3) PROSPECTUS SUPPLEMENT REGISTRATION NO. 333-92613 (To Prospectus dated March 12, 2002) 333-95807 [HOLDRS TELECOM LOGO] 1,000,000,000 Depositary Receipts Telecom HOLDRS (SM) Trust This prospectus supplement supplements information contained in the prospectus dated March 12, 2002 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 on page 12 of the base prospectus shall be replaced with the following:
Share Primary Name of Company (1)(2) Ticker Amounts Trading Market ---------------------- ------ ------- -------------- ALLTEL Corp. AT 2 NYSE AT&T Corp. T 25 NYSE AT&T Wireless Services AWE 8.045 NYSE BCE Inc. BCE 5 NYSE BellSouth Corp. BLS 15 NYSE Broadwing Inc. BRW 2 NYSE CenturyTel, Inc. CTL 1 NYSE Level 3 Communications, Inc. LVLT 3 NASDAQ Nextel Communications, Inc. NXTL 6 NASDAQ Qwest Communications International Inc. Q 12.91728 NYSE SBC Communications Inc. SBC 27 NYSE Sprint Corporation-FON Group FON 6 NYSE Sprint Corporation-PCS Group PCS 6 NYSE Telephone and Data Systems, Inc. TDS 1 AMEX Verizon Communications VZ 21.76 NYSE --------------------
(1) On July 30, 2002, MCI Group was delisted from trading on the Nasdaq National Market System. As set forth in the prospectus, because MCI Group was not listed for trading on another U.S. national securities exchange within five business days from the date of delisting, the shares of MCI Group included in Telecom HOLDRS were distributed at a rate of 0.0088 MCI Group shares per Telecom HOLDR. As a result, MCI Group is no longer represented in Telecom HOLDRS. (2) On July 30, 2002, WorldCom Group was delisted from trading on the Nasdaq National Market System. As set forth in the prospectus, because WorldCom Group was not listed for trading on another U.S. national securities exchange within five business days from the date of delisting, the shares of WorldCom Group included in Telecom HOLDRS were distributed at a rate of 0.22 WorldCom Group shares per Telecom HOLDR. As a result, WorldCom Group is no longer represented in Telecom HOLDRS. 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 September 30, 2002.