Epstein Secrets

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

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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

h Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of America Corporation, including profits derived from investment banking. The analyst(s) responsible for this report may also receive compensation based upon, a

ted by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): P Comisién Nacional del 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 Ly

errill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore) are regulated by MAS. Bank of America N.A., Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limi License 235132 (MLEA) distribu

errill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS L

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