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of such securities is not a solicitation or offer to transact in such securities. Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Financial Global Wealth Management financial advisor for information relating to fixed income securities Rule 144A securities may be offered or sold only to persons in
Page: HOUSE_OVERSIGHT_010614 →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 →of such securities is not a solicitation or offer to transact in such securities. Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Financial Global Wealth Management financial advisor for information relating to fixed income securities Recipients who are not institutional investors or market prof
Page: HOUSE_OVERSIGHT_014429 →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_014429 →Quantitative Analysis
of such securities is not a solicitation or offer to transact in such securities. Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Financial Global Wealth Management financial advisor for information relating to fixed income securities Officers of MLPF&S or one or more of its affiliates (other tha
Page: HOUSE_OVERSIGHT_023094 →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_023094 →of such securities is not a solicitation or offer to transact in such securities. Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Financial Global Wealth Management financial advisor for information relating to fixed income securities Rule 144A securities may be offered or sold only to persons
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
DISCUSSED HEREIN MAY BE RATED BELOW INVESTMENT GRADE AND SHOULD THEREFORE ONLY BE CONSIDERED FOR INCLUSION IN ACCOUNTS QUALIFIED FOR SPECULATIVE or Merrill Lynch Financial Global Recipients who are not institutional investors or market professionals should seek the advice of their independent financial advisor before consider
Page: HOUSE_OVERSIGHT_014785 →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 Merrill Lynch Financial Global and United Kingdom

Donald Trump
PERSON
Marc Rich
PERSON
Frankfurt
LOCATION
Hungary
LOCATION
Bloomberg L.P.
ORGANIZATION
Malaysia
LOCATION
Columbia University
LOCATION
U.S. Treasury
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
Chile
LOCATIONBaFin
ORGANIZATIONthe Australian Securities and Investments Commission
ORGANIZATION
Tokyo
LOCATION
Seoul
LOCATION
Michael Bloomberg
PERSON
Bank of America
ORGANIZATIONthe Capital Market Authority
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Merrill Lynch
ORGANIZATION
the Financial Services Agency
ORGANIZATION