Epstein Secrets

1% 23/3/2012 Intl Bk Recon & Develop 14,959 15,30/ 15,255 73 (52) 0.45% 2/4/2012 Hana Bank 2,987 3,241 3,196 44 (44) 0.09% 9/4/2012 Bank Of America Corp 19,994 20,327 20,509 70 182 0.61% 30 4 201 State Street 4,993 5,097 5,130 18 33 0.15% 30/4/2012 Intl Bk Recon & Develop 24,998 - 2

2,946 2,732 (214) 0.05% Palm Hills Development 10,020 4,431 3,471 (960) 0.07% Talaat Moustafa Group 9,706 10,983 9,918 (1,065) 0.19% Standard Chartered 8,181 12,151 10,927 (1,224) 0.21% Royal Dutch Shell 8,156 9,691 8,501 (1,190) 0.16% Nestle Sa-registered 6,055 7,281 6,860 (421) 0.1

referendum realised vol was the highest relative to current 1y ATMf vol. The 10 names are: Barclays, Aviva, Prudential, BT, Glencore, Tesco, CRH, BA, Standard Chartered & HSBC. Hedge portfolios against a buy-the-dip failure should a faster rate cycle ultimately jeopardize it Sell rich Financials vol to fund cheap T

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

LP iliates d hority; Lynch International (DIFC Branch), regulated by t ores; Merrill Lynch (Brazi bia Company, regu n and is d PRA) by MLI (UK) and Bank of America Merrill Lynch Intern (as defined in the rules o Financial | Lynch (Ti ned under the Financia and 198602883D respec Lynch }: Bank he Capi by Merrill xtent of our al

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

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

referendum realised vol was the highest relative to current 1y ATMf vol. The 10 names are: Barclays, Aviva, Prudential, BT, Glencore, Tesco, CRH, BA, Standard Chartered & HSBC. Hedge portfolios against a buy-the-dip failure should a faster rate cycle ultimately jeopardize it he MSCI inclusion theme; Hedge with 2823

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