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l Mercado De Valores; Merrill Lynch (Brazil): Bank of America Merr This research report: has been approved for publication and is distributed in the United FCA and the PRA) by MLI (UK) and Bank of America Merrill Lynch International Limited, retail clients (as defined in the rules of the FCA and the PRA}
Page: HOUSE_OVERSIGHT_014785 →K); Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merri DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill L
Page: HOUSE_OVERSIGHT_014785 →investors. Such financial instruments may expire worthless. Before investing in futures or options, clients must receive the appropriate risk Bankof America Merrill Lynch Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 55 HOUS E_OVERSIGHT_014785 --- PAGE BREAK --- disclosure documents. Invest
Page: HOUSE_OVERSIGHT_014786 →Investment Strategy
is research report and wishing toe s) or in related investments. errill ated Lynch jonal e US and accepts ful fect any transaction in any Bankof America Merrill Lynch Japan Investment Strategy | 18 November 2016 5 HOUSE_OVERSIGHT_014408 --- PAGE BREAK --- be Bo acti security discussed in the report
Page: HOUSE_OVERSIGHT_014408 →l): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): M
Page: HOUSE_OVERSIGHT_014408 →d 11 comparable episodes since 1980. Equity market returns subsequent to the peak rate of change in bunds were moderately positive — a median Bankof America Merrill Lynch European Equity Strategy |O1 December 2016 17 HOUSE_OVERSIGHT_014476 --- PAGE BREAK --- +1.0% after 3 months and +3.7% after 6 month
Page: HOUSE_OVERSIGHT_014477 →l}: Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): M
Page: HOUSE_OVERSIGHT_014496 →g and BofA Merrill Lynch Global Research estimates Gov't Legislation: 56% of sales are from the US government General Dynamics’ primary customer is the US Department of Defense, which accounted for 47% of total sales in 2015. The remaining 9% are to other non-DoD US government agencies like the intellig
Page: HOUSE_OVERSIGHT_014626 →l): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch), regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): M
Page: HOUSE_OVERSIGHT_014650 →Earnings Preview
Jan-17 Feb-17Mar-17 eeeeEUrO =———GBP ——Yen =— Other Source: Bloomberg; Other Includes the following *Asian (KRW, AUD, HKD), Europe (RUB, SEK, CHF), Americas (BRL, MXN, CAD) , as of 4/4/2017 BankofAmerica <2 ; ; Merrill Lynch Internet/e-Commerce | 06 April 2017 7 HOUSE_OVERSIGHT_014893 --- PAGE BREAK --
Page: HOUSE_OVERSIGHT_014893 →): Merrill Lynch Israel Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): O00 Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): M
Page: HOUSE_OVERSIGHT_014949 →nch (India): DSP Merrill Lynch Limited, ndonesia, regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill es, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch errill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.A.S.V., regulated by jo SA, regulated by Comissdo de Valores Mobiliario
Page: HOUSE_OVERSIGHT_023609 →truments, if any, may fluctuate and that price or value of such securities and instruments may rise or fall and, in some cases, investors may Bankof America Merrill Lynch Global Equity Volatility Insights |O6 June 2017 35 HOUSE_OVERSIGHT_023609 --- PAGE BREAK --- lose their entire principal investment.
Page: HOUSE_OVERSIGHT_023610 →Entities connected to both United States and the Central Bank of the Russian Federation

Marc Rich
PERSON
Donald Trump
PERSON
Bill Clinton
PERSON
United Kingdom
LOCATION
Bloomberg L.P.
ORGANIZATIONDoug Band
PERSON
Paul Ryan
PERSON
U.S. Treasury
ORGANIZATION
North America
LOCATION
Frankfurt
LOCATION
Tokyo
LOCATION
Belgium
LOCATION
Bank of America
ORGANIZATION
Angela Merkel
PERSON
Malaysia
LOCATION
Michael Bloomberg
PERSON
Jeff Sessions
PERSON
Seoul
LOCATION
Australia
LOCATIONUtilities
ORGANIZATION