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vid Woo FX, Rates & EM Strategist Shyam S.RaJan Rates Strategist Ralph Mel Rates Strategist MLPF&S Sebastian Cross Rates Strategist Pac Rim Tony Morriss Rates Strategist/Economist lial Adrsh Sinha FX Strategist Kongl Paul Ciana, CIAT Shuichi ohsaki Technical Strategist Rates Strategist 1011L

ility of the Bank's sales and trading businesses relating to the class of secun ties or financial instruments for which such analyst is responsible. BofA Merrill Lynch Global Credit Research analysts regularly interact with sales and trading desk personnel in connection with their research including to ascertain pricing and liquidity in t

ility of the Bank’s sales and trading businesses relating to the class of securities or financial instruments for which such analyst is responsible. BofA Merrill Lynch Global Credit Research analysts regularly interact with sales and trading desk personnel in connection with their research, including to ascertain pricing and liquidity in

LI (UK) +44 20 7995 9531 [email protected] Sebastien Cross Rates Strategist MLI (UK) +44 20 7996 7561 [email protected] Pac Rim Tony Morriss Rates Strategist Merrill Lynch (Australia) +61 2 9226 5023 [email protected] Adarsh Sinha FX Strategist Merrill Lynch (Hong Kong) +852 3508

REAK --- Cheapest tail-risk Hedges Adarsh Sinha Ralph Axel Merrill Lynch (Hong Kong) MLPF&S [email protected] [email protected] Gabriele Foa Tony Morriss MLI (UK) Merrill Lynch (Australia) [email protected] [email protected] Shuichi Ohsaki Merrill Lynch (Japan) [email protected] Tail-r

ility of the Bank’s sales and trading businesses relating to the class of securities or financial instruments for which such analyst is responsible. BofA Merrill Lynch Global Credit Research analysts regularly interact with sales and trading desk personnel in connection with their research, including to ascertain pricing and liquidity in