Epstein Secrets

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and distributed in Singapore to institutional International Bank Limited (Merchant Bank) (MLIBLMB) and Merrill Lynch ingapore) are regulated by MAS. Bank of America N.A,, Australian Branch (ARBN e this report in Australia only to affiliates involved in preparing this research report is an pproval is required for publ

. Wi n Germany and F&S and/or one or more o istributed to F&S and not such K): Merrill Lynch In d, regulated by the A mmission (HKSFC); ated by the Investm ores; Merrill Lynch al Services Agency; errill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd., regul hange Board of India; Merri Lynch Israe

rred at=a 6.3% current yield to March 2018. Let me know if you hav= time for a call; I'm at l> .<=u> Thanks,<=> Amanda Amanda Ens</=> Director Bank of America Merril= Lynch Merrill Lynch, Pierce,=Fenner & Smith Incorporated One Bryant Park, 5th F=oor, New York, NY 10036 Phone: Mobil= </=> The power of global co=nec

rom around -80% a month ago to =ero now. This means the volatility of risk parity portfolios are increasin= and rebalancing is required. Chart Two: Investm=nt Grade ETF, LQD, is at the top of a long term channel with shares outsta=ding around an all time high. Chart three is fro= "Global Equity Volatil

to March 2018. Let me know if you hav= time for a call; I'm at 212.449.7781 <tel:212.449.7781> .<=u> Thanks,<=> Amanda Amanda Ens</=> Director Bank of America Merril= Lynch Merrill Lynch, Pierce,=Fenner & Smith Incorporated One Bryant Park, 5th F=oor, New York, NY 10036 Phone: 212.449.7781 <tel:212.449.7781> Mobil=: 9

d -80% a month ago to =ero now. This means the volatility of risk parity portfolios are increasin= and rebalancing is required. </=pan> Chart Two: Investm=nt Grade ETF, LQD, is at the top of a long term channel with shares outsta=ding around an all time high. 11 EFTA_R1_01557881 EFTA02455328 Chart

available at http://www.bankofamerica.com/emaildisclaimer. If you are not the i=tended recipient, please delete this message. Am=nda Ens Director Bank of America Merrill Lynch= Merrill Lynch, Pierce, Fenner=& Smith Incorporated One Bryant Park, 5th Floor, N=w York, NY 10036 =C2 The power of global co=nections'm =

rom around -80% a month ago to =ero now. This means the volatility of risk parity portfolios are increasin= and rebalancing is required. Chart Two: Investm=nt Grade ETF, LQD, is at the top of a long term channel with shares outsta=ding around an all time high. Chart three is fro= "Global Equity Volatil

h Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of America Corporation, including profits derived from investment banking. The analyst(s) responsible for this report may also receive compensation based upon, a

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mong others, m instruments may be difficult to income from suc lose their entire principal inves Futures and options are not ap disclosure documents. Investm BofA Merrill Lyne! action may be limited by regulations prohibiting or restricting "shortse executing any short idea con This report may contain a tra

vestment decision. Refer to important disclosures on page 28 to 29. Analyst Certification on page 27. 11756528 Timestamp: 20 June 2017 01:18AM EDT Bankof America Merrill Lynch 20) une 2017 Equity Derivatives Glob. al BofA Analytics = DATA DRIVEN = Global Equity Derivatives Rsch MLPI F&S Anshul Gupta

most recently available data which may be delayed in some cases. “Trade Value” represents current valuation of trades initiated on the “Open Date”. Bankof America Merrill Lynch Global Equity Volatility Insights | 20 June 2017. 25 HOUSE_OVERSIGHT_014996 --- PAGE BREAK --- Volatility in Numbers (16-Jun-17) Table 11: Stati

d/or one or more o istributed to F&S and not such ributed in the Uni ntern K): Merrill Lynch In d, regulated by the A mmission (HKSFC); ated by the Investm ores; Merrill Lynch al Services Agency; of America Merrill al Market Authori ed K ational Limited, w Ly y. Lynch Interna ation by and Excl the d