424B3 1 f424b3_040203-europe.txt FORM 424(B)(3) FOR EUROPE 2001 HOLDRS FILED PURSUANT TO RULE NO. 424(b)(3) PROSPECTUS SUPPLEMENT REGISTRATION NO. 333-44286 (To Prospectus dated March 12, 2002) [LOGO OMITTED] 1,000,000,000 Depositary Receipts Europe 2001 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 Europe 2001 HOLDRS (SM) Trust. The share amounts specified in the table on pages 11 and 12 of the base prospectus shall be replaced with the following: Primary U.S. Share Trading Name of Company(1)(2) Ticker Amounts Market ----------------------------------------------- -------- --------- ------------ AEGON N.V. (3) AEG 5 NYSE Alcatel * ALA 3 NYSE Amdocs Limited DOX 3 NYSE ARM Holdings p.l.c. * ARMHY 8 NASDAQ ASM International N.V. ASMI 13 NASDAQ ASML Holding N.V. ASML 7 NASDAQ AstraZeneca p.l.c. * AZN 4 NYSE Autonomy Corporation p.l.c. * (4) AUTN 1.2 NASDAQ Aventis S.A. * AVE 2 NYSE AXA * AXA 6 NYSE Bookham Technology p.l.c. * BKHM 12 NASDAQ BP p.l.c.* BP 4 NYSE Business Objects S.A. * BOBJ 4.5 NASDAQ Cable & Wireless p.l.c. * CWP 4 NYSE DaimlerChrysler AG DCX 4 NYSE Deutsche Telekom AG * DT 5 NYSE Diageo p.l.c. * DEO 5 NYSE Elan Corporation, p.l.c. * ELN 4 NYSE Ericsson LM Telephone Company * (5) ERICY 1.6 NASDAQ GlaxoSmithKline p.l.c. * GSK 6 NYSE Infineon Technologies AG * IFX 5 NYSE ING Groep N.V. * ING 4 NYSE IONA Technologies p.l.c. * IONA 3 NASDAQ Koninklijke Philips Electronics N.V. PHG 5 NYSE Millicom International Cellular S.A. *(6) MICC 2 NASDAQ Nokia Corp. * NOK 5 NYSE Novartis AG * NVS 5 NYSE Qiagen N.V. QGENF 6 NASDAQ Repsol YPF, S.A. * REP 11 NYSE Royal Dutch Petroleum Company RD 3 NYSE Ryanair Holdings p.l.c. * RYAAY 8 NASDAQ SAP AG * SAP 4 NYSE Scottish Power p.l.c. * SPI 7 NYSE Serono S.A. * SRA 9 NYSE Shire Pharmaceuticals Group p.l.c. * SHPGY 4 NASDAQ Skillsoft p.l.c. * (7) SKIL 6 NASDAQ STMicroelectronics N.V. STM 4 NYSE (continued on following page)
Primary U.S. Share Trading Name of Company(1)(2) Ticker Amounts Market ----------------------------------------------- -------- --------- ------------ Telefonica S.A. * (8) (9) TEF 3.31224241 NYSE Terra Networks, S.A. * TRLY 15 NASDAQ Total Fina ELF S.A. * TOT 3 NYSE UBS AG UBS 3 NYSE Unilever N.V. UN 3 NYSE Vivendi Universal * V 3 NYSE Vodafone Airtouch p.l.c. * VOD 6 NYSE WPP Group p.l.c. * WPPGY 3 NASDAQ
------------------------------------------- * The securities of these non-U.S. companies trade in the United States as American Depository Receipts. Please see "Risk Factors" and "Federal Income Tax Consequences--Special considerations with respect to underlying securities of foreign issuers" for additional information relating to an investment in a non-U.S. company. (1) On December 9, 2002 Sonera Group p.l.c. was delisted from trading on the Nasdaq National Market System. As set forth in the prospectus, because Sonera Group p.l.c. was not listed for trading on another U.S. national securities exchange within five business days from the date of delisting, the shares of Sonera Group p.l.c. included in Europe 2001 HOLDRS were distributed at a rate of 0.09 shares of Sonera Group p.l.c. per Europe 2001 HOLDR on December 20, 2002. As a result, Sonera Group p.l.c. is no longer represented in Europe 2001 HOLDRS. (2) On May 24, 2002 United Pan-Europe Communications N.V. was delisted from trading on the Nasdaq National Market System. As set forth in the prospectus, because United Pan-Europe Communications N.V. was not listed for trading on another U.S. national securities exchange within five business days from the date of delisting, the shares of United Pan-Europe Communications N.V. included in Europe 2001 HOLDRS were distributed at a rate of 0.13 shares of United Pan-Europe Communications N.V. per Europe 2001 HOLDR on October 18, 2002. As a result, United Pan-Europe Communications N.V. is no longer represented in Europe 2001 HOLDRS. (3) Aegon, NV announced a 2% stock dividend to shareholders of record on April 22, 2003. Effective April 23, 2003, the share amount of Aegon, NV, represented by a round lot of 100 Europe 2001 HOLDRS will increase from 5 shares to 5.2 shares. (4) Autonomy Corporation p.l.c. announced a one-for-five reverse stock split on its common stock. Autonomy Corporation p.l.c. began trading on a split-adjusted basis on October 21, 2002. As of October 23, 2002, the share amount of Autonomy Corporation p.l.c. represented by a round lot of 100 Europe 2001 HOLDRS decreased to 1.2 shares from 6 shares. (5) LM Ericsson Telephone Company announced a one-for-ten reverse stock split on its common stock. LM Ericsson Telephone Company began trading on a split-adjusted basis on October 23, 2002. As of October 25, 2002, the share amount of LM Ericsson Telephone Company represented by a round lot of 100 Europe 2001 HOLDRS decreased to 1.6 shares from 16 shares. (6) Millicom International Cellular S.A. announced a one-for-three reverse stock split on its common stock. Millicom International Cellular S.A. began trading on a split-adjusted basis on February 20, 2003. As of February 25, 2003, the share amount of Millicom International Cellular S.A. represented by a round lot of 100 Europe 2001 HOLDRS decreased to 2 shares from 6 shares. (7) Effective November 19, 2002, Smartforce p.l.c. changed its name to Skillsoft p.l.c. Skillsoft p.l.c. began trading under its new name and new symbol "SKIL" on November 20, 2002. (8) Telefonica S.A. announced a 2% stock dividend to shareholders of record on January 27, 2003. Effective January 28, 2003, the share amount of Telefonica S.A. represented by a round lot of 100 Europe 2001 HOLDRS increased from 3.183624 to 3.24729648 shares. (9) Telefonica S.A. announced a 2% stock dividend to shareholders of record on March 10, 2003. Effective March 11, 2003, the share amount of Telefonica S.A., represented by a round lot of 100 Europe 2001 HOLDRS increased from 3.24729648 to 3.3122424096 shares. 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, 2003.