Epstein Secrets

national Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities

y-1 6 Jun-16 Jul-16 Aug-16 Sep-1 6 Oct-16 Source: Bloomberg Bankof America 2 European Equity Strategy |O01 Dec

national Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan): Merrill Lynch Securities

2016 Source: BofA Merrill Lynch Global Research, Bloomberg Bankof America Merrill Lynch Global Rates, FX & E

d SIPC. In Hong Kong DB is regulated by the Hong Kong Monetary Authority and in Singapore by the Monetary Authority of Singapore. DB is regulated by the Financial Supervisory Service in Korea and by the Financial Supervisory Commission in Taiwan. Copyright 2017 Deutsche Bank AG I Deutsche Bank 20 EFTA00606049 For Key Clien

% 30v MMD Average 0.109% Standard Deviation 0.144% 95% Highest 0.390% 5% Lowest -0.047% Deutsche Bank (I) MMD data from Tia3, UST data from Bloomberg; chart uses data from 1/3/1995 to 8/30/2016; past performance, simulated or actual, Is not a reliable indicator of future results (2) Date uses onl

ities (Far East) Limited, Seoul Branch. which is a member of the Korea Exchange(KRX) and is regulated by the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS). Australia:. Morgan Australia Limited (JPMAL) (ABN 52 002 888 011/AFS Licence No: 238188) is regulated by ASIC and a Morgan Securities Austral

Specialty Chris Schott, CFA AC (1-212)622-5676 Bloomberg JPMA SCHOTT <GO, Aditl Singhania, PhD (1-212)622