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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 →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 →nt may be difficult hat price or value of such securities and instruments may rise or fal ure performance. Levels and basis for taxation may change. Insurance Corporation and are not merica, N.A.}. Investments in general and, derivatives, in particular, involve numerous risks, including, among others, market risk, cou
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 →his report and should understand fering must be based solely on existing public information on such ion with such offering, and not on this report. Insurance Corporation and are not volve numerous risks, including, jes and other financial nvestors should note that and, in some cases, investors may is anticipated t
Page: HOUSE_OVERSIGHT_014409 →be based solely on existing public information on such Insurance Corporation and are not volve numerous risks, including, oth
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 →Entities connected to both United States and Insurance Corporation

George W. Bush
PERSON
Marc Rich
PERSON
Donald Trump
PERSON
Bill Clinton
PERSON
Barack Obama
PERSON
United Kingdom
LOCATION
Paul Ryan
PERSON
U.S. Treasury
ORGANIZATION
Puerto Rico
LOCATION
North America
LOCATION
Frankfurt
LOCATION
Tokyo
LOCATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Seoul
LOCATION
Australia
LOCATION
Merrill Lynch
ORGANIZATION
Bank of America Corporation
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONthe Capital Market Authority
ORGANIZATION