Epstein Secrets

lica mientras no sean inscritos en el Registro de Valores correspondiente. Dubai: Goldman Sachs International (“GSI”) is authorised and regulated by the Dubai Financial Services Authority (““DFSA’”) in the DIFC and the Financial Services Authority (“FSA”) authorized by the Prudential Regulation Authority and regulated by the Financial

sa, no estan sujetos a su fiscalizacidén; (iii) Que por tratarse de valores no inscritos, no existe la obligacién por parte del emisor de entregar en Chile informacién publica respecto de estos alores; y (iv) Estos valores no podran ser objeto de oferta publica mientras no sean inscritos en el Registro d

cipient undertakes to keep these materials as well as the information contained herein as confidential and not to circulate them to any third party. Chile: Fecha de inicio de la oferta: (i) La presente oferta se acoge a la Norma de Caracter General N° 336 de la Superintendencia de Valores y Seguros de C

lica mientras no sean inscritos en el Registro de Valores correspondiente. Dubai: Goldman Sachs International ("GSI"} is authorised and regulated by the Dubai Financial Services Authority ("DFSA’} in the DIFC and the Financial Services Authority ("FSA") authorised by the Prudential Regulation Authority and regulated by the Financial Co

iance on any statement or information contained herein. This presentation will not be issued, passed to, or made available to the public generally. Chile: Fecha de inicio de la oferta: (i} La presente oferta se acoge ala Norma de Caracter General N° 336 de la Superintendencia de Valores y Seguros de C

lica mientras no sean inscritos en el Registro de Valores correspondiente. Dubai: Goldman Sachs International (“GSI”) is authorised and regulated by the Dubai Financial Services Authority (“DFSA’) in the DIFC and the Financial Services Authority (“FSA”) authorized by the Prudential Regulation Authority and regulated by the Financial Co

cipient undertakes to keep these materials as well as the information contained herein as confidential and not to circulate them to any third party. Chile: Fecha de inicio de la oferta: (i) La presente oferta se acoge a la Norma de Caracter General N° 336 de la Superintendencia de Valores y Seguros de C

al Liquid Markets Weekly I 24 July 2017 Bankof America Merrill Lynch EFTA00788500 (DIFC): Merrill Lynch International (DIFC Branch), regulated by the Dubai Financial Services Authority (CfSA)s Merrill Lynch (Spain). Merrill Lynch Capital Markets Espana, SAS.V., regulated by Comisi6n Nacional del Mercado De Valores; Merrill Lynch (B

n 19 receivers. We think there is room for some short term bull flattening in Mexico, and we keep paying ly IBR in Colombia and receive 2y Camara in Chile. We stay neutral on most LatAm FX as valuations are not attractive. We like to short MXN at current levels. Positioning is crowded and we expect th

301809, Faisaliah Tower United Arab Emirates: Deutsche Bank AG in the Dubai International Financial Centre (registered no. 00045) is regulated by the Dubai Financial Services Authority. Deutsche Bank AG - DIFC Branch may only undertake the financial services activities that fall within the scope of its existing DFSA license. Prin

ng India Indonesia Korea Malaysia Philippines Singapore Sri Lanka EFTA01476183 Taiwan Thailand Vietnam Latin America Argentina Brazil Chile Colombia Mexico Peru Venezuela G7 Advanced economies EM economies Global 2015F 2.4 0.7 1.5 1.7 1.1 0.7 3.2 1.9 1.4 0.8 0.1 -0.1

f a disorderly depreciation, as it has been already the case in the last few days with small interventions in the forward market. On the other hand, Chile’s growth remains anemic and the economy is expected to continue growing sub 2% in 2017 (Chart 71). The CLP is overvalued but recent flows Chart 70:

nch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merri DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.AS.V., regulated by ill Lynch Banco Multiplo S.A. regulated by Comissdo de Va

KOREA m@ TAIWAN m@ INDIA m@ SOUTH AFRICA m@ BRAZIL MEXICO m RUSSIA = MALAYSIA (EM) = INDONESIA m= THAILAND ~ PHILIPPI m SAUDI = TURKEY = CHILE m= POLAND @ QATAR m UAE m= COLOMBIA m PERU m GREECE m HUNGARY EGYPT m@ CZECH REPUBLIC Source: : BofA Merrill Lynch Global Research, MSCI and

Menkul Degerler AS., regulated by the Capital Markets Board of Turkey; Merrill Lynch (DIFC): Merrill Lynch International (DIFC Branch), regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.A.S.V., regulated by Comisién Nacional del Mercado De Valores; Merrill Lynch (

24 3.91 45 34 37 40 12 6.0 6.0 6.8 Argentina 89 27 3.6 24 -3.2 5.0 10.0 2.0 25 2.0 96 99 10.0 11.0 Brazil 27 14 4 0.5 6 48 46 3.8 40 43 6.7 5.0 55 56 Chile 6.0 54 45 51 71 3.0 40 40 5.0 5.0 40 3.1 25 3.1 Colombia 5.9 43 45 0.9 67 28 3.8 42 53 55 3.9 34 3.1 3.2 Ecuador 8.0 5.0 40 42 48 3.0 55 5.0 3.0 3.0

saliyah Tower, King Fahad Road, P.O. Box 51907, Riyadh 11553, Kingdom of Saudi Arabia. Dubai: JPMorgan Chase Bank, N.A., Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai International Financial Centre - Building 3, Level 7, PO Box 506551, Dubai, UAE. Country and Region Speci

ce 305, Dubai, United Arab Emirates. Regulated by the Dubai Financial Services Authority. France, Finland, Greece, Luxembourg, Norway, Po

a, for certain specific Qualified Institutions/Sophisticated Investors only in Taiwan and for one-on-one use with Institutional Investors in Bermuda, Chile, Panama and Peru. Cover Aerial view of Midtown South, New York HOUSE_OVERSIGHT_026680 --- PAGE BREAK --- Introduction We published our first re

Global Economic Outlook Summary 2011 Real GDP % over a year ago 2012 2013 2014 3Q12 The Americas United States Canada Latin America Argentina Brazil Chile Colombia Ecuador Mexico Peru Uruguay Venezuela Asia/Pacific Japan Australia New Zealand Asia ex Japan China Hong Kong India Indonesia Korea Malaysia

saliyah Tower, King Fahad Road, P.O. Box 51907, Riyadh 11553, Kingdom of Saudi Arabia. Dubai: JPMorgan Chase Bank, N.A., Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai International Financial Centre - Building 3, Level 7, PO Box 506551, Dubai, UAE. Country and Region Specif