Epstein Secrets

by Trading pe 4 of Merrill Lynch and is subject to the terms available of the following link. This material was prepared by Cash Equity Trading of Mernll Lynch, Pierce, Fenner & Smith. Incorporated ("MO). The material is not a publication of BolA Merrill Lynch Global Research, and it has not been reviewed or

lling shareholders & inability to source a locate Historical Mute Share Trading • 2017: $37.50 to $125 • 1/1/18 to 2/22/18: $90 to $132.50 (excl Tencent transaction( Some conf &skin on shore pekes as secondary market pikes ore currently '$5000/shore. Everything in prospectus reflects o 00-to-one shor

c-17 expiry 6m Sep-17 expiry Rationale Buy EEM puts financed by a basket of EM puts to lever near record low correl Hedge the China tech bubble; Tencent unlikely to stand still after a 45% rally YTD Hedge the upside into MSCI announcement on 20-Jun Fundamental case to be long EU equities remains int

ast 12 months, an investment banking client of MLPF&S and/or one or more of its affiliates: Deutsche Telekom, Enel SpA, Iberdrola, Royal Dtch Shell. LPF&S or an affiliate has received compensation from the issuer for non-investment banking services or products within the past 12 months: Deutsche Telekom

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d vol & skew Market may trade on Buy EEM puts financed by a basket of EM puts to lever near record low correl Hedge a potential China tech bubble; Tencent potentially volatile after a 45% rally YTD Hedge the upside into MSCI announcement on 20-Jun Fundamental case to be long EU equities remains intact

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