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Investment Strategy
PRA - details about the extent of our regulation by the FCA and PRA are available from us on request; has been considered and distributed in Japan by Lynch (Japan), a registered securities dealer under the Financial Instruments and Exchange Act in Japan; is issued and distributed in Hong Kong by Merrill Lynch (
Page: HOUSE_OVERSIGHT_014408 →rity discussed in the report should do so through MLPF&S and not such foreign affiliates. Hong Kong recipients of this research report should contact Merrill Lynch (Asia Pacific) Limited in respect of any matters relating to dealing in securi ies (and not futures contracts) or provision of specific advice on securities (and not futu
Page: HOUSE_OVERSIGHT_014409 →tails about the extent of our regulation by the FCA and PRA are available from us on request; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the Financial Instruments and Exchange Act in Japan; is issued and distributed in Hong Kong by Merrill Lynch (
Page: HOUSE_OVERSIGHT_014429 →rity discussed in the report should do so through MLPF&S and not such foreign affiliates. Hong Kong recipients of this research report should contact Merrill Lynch (Asia Pacific) Limited in respect of any matters relating to dealing in securi ies (and not futures contracts} or provision of speci ic advice on securities (and not fu
Page: HOUSE_OVERSIGHT_014430 →nvestments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the Hong Kong Securities and Future
tails about the extent of our regulation by the FCA and PRA are available from us on request; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the Financial Instruments and Exchange Act in Japan; is issued and distributed in Hong Kong by Merrill Lynch (
Page: HOUSE_OVERSIGHT_014496 →nvestments Commission; Merrill Lynch (Hong Kong): Merrill Lynch (Asia Pacific) Limited, regulated by the Hong Kong Securities and Future
tails about the extent of our regulation by the FCA and PRA are available from us on request; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the Financial Instruments and Exchange Act in Japan; is issued and distributed in Hong Kong by Merrill Lynch (
Page: HOUSE_OVERSIGHT_014650 →Entities connected to both Lynch (Japan and Merrill Lynch (Asia Pacific) Limited

Bank of America
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Merrill Lynch
ORGANIZATION
Michael Bloomberg
PERSON
United Kingdom
LOCATIONMerchant Bank
ORGANIZATION
Bank of America Corporation
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION
Donald Trump
PERSONthe Securities and Futures Bureau
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Frankfurt
LOCATIONMerrill Lynch (Singapore) Pte Ltd
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONILynch
ORGANIZATIONthe Financial Supervisory Service
ORGANIZATION