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; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde
art, or in any form or manner, without and client websites and other portals by BofA review of this research report consti (including any investmen BofA Merrill Lynch Global hould consult their ow ny BofA Merrill Lynch en n public information. Fac pa | ities. None of MLPF&S, any of i Research policy prohibits rese conta
Page: HOUSE_OVERSIGHT_014458 →; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde
retransmitted or disclosed, in whole simultaneously to interna review of this research report consti (including any investmen Materials prepared by BofA Merrill Lynch Global Rese utes your agree information known to, professionals in other business areas of BofA Merri BofA researc hould erri Research and certain busin
Page: HOUSE_OVERSIGHT_014651 →es in the US (short name: legal name, regulator}: Merril International, regulated by the Financial Conduc
rtionate to index weights 70 60 50 40 30 20 10 0 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 — 2% —<0% 4 0.5 1 1.5 2 Source: Eurostat, BofA Merrill Lynch Global Research Source: Eurostat, BofA Merrill Lynch Global Research Core inflation at 0.8% is barely above the 2015 low of 0.6%. One statistic that often
Page: HOUSE_OVERSIGHT_014744 →Entities connected to both Merri and BofA Merrill Lynch Global

Merrill Lynch Global Wealth Management
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Donald Trump
PERSON
Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSONILynch
ORGANIZATION
Frankfurt
LOCATION
United Kingdom
LOCATIONMerchant Bank
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONBaFin
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONThe Financial Service Board
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATION
BofA Merrill Lynch
ORGANIZATION