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(UK) and Bank of America Merrill Lynch International Limited, which are authorized retail clients (as defined in the rules of the FCA and the PRA) by Merrill Lynch International Bank Limited, London imited regulation by the FCA and PRA - details about the extent of our regulation by the FCA and PRA are availab Lynch (Japan), a registered
Page: HOUSE_OVERSIGHT_014394 →his report as recorded in the report timestamp. Officers of MLPF&S or one or more o BofA Merrill Lynch Global Research "BofA Merrill Lynch" includes Merri its affiliates (other than research analysts) may policies relating to conflicts of interest are described at http://go.bofa.com/coi. have a financ
Page: HOUSE_OVERSIGHT_014394 →foreign affiliates. Hong Kong recipients of this research report should contact Merri ies (and not futures contracts) or provision of speci d contact Merrill Lynch International Bank Limited (Merchant Bank} and/or Merrill Lynch (S ic advice on securities (and Lynch (Taiwan); is A 883D respectively errill Lynch Equi ance with respec i
Page: HOUSE_OVERSIGHT_014422 →ri ed K ional Limited, which are authorized tional Bank Limited, London Branch, wl PRA are available from us hange Act in I Lyne ment (Argentina): > Merri ated b errill Lynch Lynch Securi Lynch Banco y. ingdom (UK) he FCA and Lynch (Seou erril y the Securities and ies, FSA); ultip 0 pro h (Sing
Page: HOUSE_OVERSIGHT_014422 →ios; Merrill Lynch KSA Company, h (Singapore): Merril erril y the Securities and y. ) ingdom (UK ional Limited, which are authorized the PRA) by Merrill Lynch International Bank Limited, London s about the extent of our regulation by nder the Financial Instruments and Excl ion in relation to, or advice on, fu 0, or use by, any person
Page: HOUSE_OVERSIGHT_014729 →ica Merrill Lynch Internati he future distribute, researc e Hong Kong Securities and errill Lynch (Taiwan): Merrill Exchange Board of India; PT y; Merri (DIFC Branch), regulated b Va proved for publication and es of the FCA and PRA - detai ies dealer u forma jon ed in Singa LIBLMB} an bu pore to
Page: HOUSE_OVERSIGHT_014729 →Estimate Change
res contracts) or provision of specific advice on securities (and not futures contracts). Singapore recipients of this research report should contact Merrill Lynch International Bank Limited (Merchant Bank) and/or Merrill Lynch (Singapore) Pte Ltd in respect of any matters arising from, or in connection with, this research report. Genera
Page: HOUSE_OVERSIGHT_014885 →e Securities and Exchange Board of India; Merrill Lynch (Indonesia): PT Merrill Lynch Sekuritas Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merri Valores; Merrill h) regulated by h Africa): Merrill Lynch | Lynch (Asia hority of h Mexico, SA de Lynch he DSP Merrill Lynch Limited, Il Lync
Page: HOUSE_OVERSIGHT_014885 →; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde
d by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the FCA and the PRA) by Merrill Lynch International Bank Limited, London Branch, which is authorized by the Central Bank of Ireland and subject to imited regulation by the FCA and PRA - details about the extent of
Page: HOUSE_OVERSIGHT_014429 →Investment Strategy
; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde
d by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the FCA and the PRA) by Merrill Lynch International Bank Limited, London Branch, which is authorized by the Central Bank of Ireland and subject to imited regulation by the FCA and PRA - details about the extent of
Page: HOUSE_OVERSIGHT_014457 →; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde
d by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the FCA and the PRA) by Merrill Lynch International Bank Limited, London Branch, which is authorized by the Central Bank of Ireland and subject to imited regulation by the FCA and PRA - details about the extent of
Page: HOUSE_OVERSIGHT_014496 →; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde
d by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the FCA and the PRA) by Merrill Lynch International Bank Limited, London Branch, which is authorized by the Central Bank of Ireland and subject to imited regulation by the FCA and PRA - details about the extent of
Page: HOUSE_OVERSIGHT_014650 →es in the US (short name: legal name, regulator}: Merril International, regulated by the Financial Conduc
ealing in securities (and not futures contracts) or provision of specific advice on securities (and not futures contracts). Si report should contact Merrill Lynch International Bank Limited (Merchant Bank) and/or research report. General Investment Related Disclosures: Taiwan Readers: Neither the information nor any opinion expressed he
Page: HOUSE_OVERSIGHT_014785 →Earnings Preview
itas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch Israel Limited, regulated by Israel Securiti
d by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the FCA and the PRA) by Merrill Lynch International Bank Limited, London Branch, which is authorized by the Central Bank of Ireland and subject to imited regulation by the FCA and PRA - details about the extent of
Page: HOUSE_OVERSIGHT_014949 →Entities connected to both Merrill Lynch International Bank Limited and Merri

Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Donald Trump
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATIONMerchant Bank
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION
United Kingdom
LOCATION
Bank of America Corporation
ORGANIZATION
Michael Bloomberg
PERSON
Frankfurt
LOCATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONBaFin
ORGANIZATIONThe Financial Service Board
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATION
Seoul
LOCATIONILynch
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION