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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
dom of Saudi Arabia Company. regulated by the Capital Market Authority. This research report has been approved for publication and is distributed in the United Kingdom (UK) to professional dients ad eligible counterpaties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Mernl
dom of Saudi Arabia Company, regulated by the Capital Market Authority. This research report: has been approved for publication and is distributed in the United Kingdom (UK) to professional clients and eligible counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Mer
Page: HOUSE_OVERSIGHT_010614 →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
Page: HOUSE_OVERSIGHT_010616 →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
Page: HOUSE_OVERSIGHT_014772 →o not apply in ime, hold a trading position (long or short) in the securities and financial instruments discussed in this report. ocated outside of the United Kingdom. BofA Merrill Lynch Global Research policies relating to conflicts of interest are described at http://go.bofa.com/coi. LPF&S or one of its affiliate
Page: HOUSE_OVERSIGHT_014786 →Entities connected to both Tony Morriss and United Kingdom

Donald Trump
PERSON
Frankfurt
LOCATION
Hungary
LOCATION
Bloomberg L.P.
ORGANIZATION
Malaysia
LOCATION
Columbia University
LOCATIONthe Prudential Regulation Authority
ORGANIZATION
Chile
LOCATIONBaFin
ORGANIZATION
Seoul
LOCATION
Michael Bloomberg
PERSON
Bank of America
ORGANIZATIONthe Capital Market Authority
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Merrill Lynch
ORGANIZATIONMerchant Bank
ORGANIZATION
the Financial Services Agency
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION