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ill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; errill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regulated by the Comisién Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de V

ecurities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch (Turkey I.B.}: Merrill Lynch Yatirim Bank AS., regulated by the Capital Markets Board of Turkey; Merrill Lynch (Turkey Broker}: Merrill Lynch Menkul Degerler AS., regulated by the Capital Markets Board of Turkey; Merrill Lynch (DIFC): Merrill Ly

d opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. LLC. and/or Morgan Stanley MIR S.A.. C M and/or Morgan Stanley Mexico. Casa de Bolsa. S.A. de V.. ' gan Stanley Canada Limited. used in this disclosure sec ion, Morgan Stanley includes Morgan Stanley & Co. LLC, Morgan Stanley S.

d is directed al business customers and market counterparties only and is not intended for Retail Customers as defined by the OFCRA. As required by the Capital Markets Board of Turkey, investment information. comments and recommendations stated here. are not within the scope of investment advisory activity. Investment advisory ser

a Limited. As usedin this disclosure section, "Morgan Stanley’ includes Morgan Stanley &Co. LLC, Morgan Stanley C.T.V.M. S.A., Morgan Stanley Mexico, Casa de Bolsa, S.A. de C:V., Morgan Stanley Canada Limited and their affiliates as necessary. For important disclosures, stock price charts and equity rating hist

nd is directed at business customers and market counterparties only and is not intended for Retail Customers as defined by the QFCRA. As required by the Capital Markets Board of Turkey, investment information, comments and recommendations stated here, are not within the scope of investment advisory activity. Investment advisory serv