Leading CDO underwriter Merrill Lynch is bringing the inaugural CDO for a unit of New York-based Maxim Group LLC in the coming weeks, a $753 million high-grade structured finance deal, named Jupiter CDO I, sources reported. The transaction is expected to price before the end of October, with settlement in November.

The deal's structure consists of two triple-A rated senior classes - $603.75 million of 5.5-year A1 and $82.5 million of eight-year A2 notes. Additionally, Maxim is offering $42.75 million of eight-year double-A and $12.75 million of triple-B rated B and C notes. Preferred shares total $11.5 million.

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