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by the FA a Lynch (Japan), a registered secu by HKSFC (research repor' ralia): Lynch Saud LI(UK}a India}; and is issued and distri Bank Limited (Merchant Bank) regulated by MAS. Bank o License 235132 (MLEA) distrib any of its affiliates involved in Authority. No approval is requi DIFC) is authorized and reg
Page: HOUSE_OVERSIGHT_014422 →ffering document issued in connec Securities and other financial instruments discussed in this report, or recommended, o tory institution (including, Bank of A k and liquidity risk. No security, financ! iable information about the value or income from such securities and other financial instruments, if any,
Page: HOUSE_OVERSIGHT_014422 →racts) 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 herein constitute
Page: HOUSE_OVERSIGHT_014785 →her financial instruments discussed in this report, or recommended, o deposits or other obligations of any insured depository institution (including, Bank of A instruments may be difficult to value or sell and reliable information about the value or income from such securities and other financial instrument
Page: HOUSE_OVERSIGHT_014785 →utional investors and/or accredited investors (each as defined under the Financial Advisers Regulations) by Merrill Lynch International Bank Limited (Merchant Bank} (MLIBLMB) and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are r
Page: HOUSE_OVERSIGHT_010614 →ancial instruments) to be suspended or withdrawn and shou uments) nor should the analyses or opinion(s) be considered a solici its contents. uding, Bank of A jo security, financial instrument or derivative is suitable for all investors. In some cases, securities and other financial ue or sell and reliable
Page: HOUSE_OVERSIGHT_010615 →Investment Strategy
institutional investors and/or accredited investors (each as defined under the Financial Advisers Regulations) by Merrill Lynch Interna Bank Limited (Merchant Bank} (MLIBLMB} and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are r
Page: HOUSE_OVERSIGHT_014408 →account the specific investment objectives, financial situation and the p. im fered or sold by Merrill Lynch, are not tory institution (including, Bank of A erparty default risk and liquidity risk. No security, financi iable information about the value or other financial instruments, if any, may fluctuate
Page: HOUSE_OVERSIGHT_014409 →Entities connected to both Merchant Bank and Bank of A

Merrill Lynch
ORGANIZATION
United Kingdom
LOCATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Donald Trump
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONBaFin
ORGANIZATIONILynch
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATION
Frankfurt
LOCATION
Seoul
LOCATION
Bank of America Corporation
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATION