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Investment Strategy
n; 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.AS.V., regulated by Comisi6n Nacional del Mercado De Valores; Merrill Lynch (Brazil): Bank of America Merrill Lynch Banco Multiplo S.A., regulated
Page: HOUSE_OVERSIGHT_014408 →his report and should understand fering must be based solely on existing public information on such ion with such offering, and not on this report. Insurance Corporation and are not volve numerous risks, including, jes and other financial nvestors should note that and, in some cases, investors may is anticipated t
Page: HOUSE_OVERSIGHT_014409 →n; 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.AS.V., regulated by Comisién Nacional del Mercado De Valores; Merrill Lynch (Brazil): Bank of America Merrill Lynch Banco Multiplo S.A., regulated
Page: HOUSE_OVERSIGHT_014429 →on contained in this report (including any in her financial instrument. No part of person. Investors should seek this report and should understand Insurance Corporation and are not volve numerous risks, including, instrument or derivative is suitable for all investors. In some cases, securities and other financial y
Page: HOUSE_OVERSIGHT_014430 →Investment Strategy
rs should seek on existing public information on such Insurance Corporation and are not ases, securities and other financial
n; 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.AS.V., regulated by Comision Nacional del Mercado De Valores; Merrill Lynch (Brazil): Bank of America Merrill Lynch Banco Multiplo S.A., regulated
Page: HOUSE_OVERSIGHT_014457 →be based solely on existing public information on such Insurance Corporation and are not volve numerous risks, including, oth
n; 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 (Brazil}: Bank of America Merrill Lynch Banco Multiplo S.A., regulate
Page: HOUSE_OVERSIGHT_014650 →errill Lynch (Israel): Merrill Lynch ies, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch FSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.AS.V., regulated by ultiplo S.A, regulated by Comissdo de Valores Mobiliarios; Merrill Lynch KSA Company, h (Singapore): Merril erril y the Secu
Page: HOUSE_OVERSIGHT_014729 →ticular, in risks related to the security or financial instrument may be difficult person. Investors should seek this report and should understand Insurance Corporation and are not volve numerous risks, including, ‘0 obtain. Investors should note that hat price or value of such securities and instruments may rise o
Page: HOUSE_OVERSIGHT_014730 →Entities connected to both Insurance Corporation and Merrill Lynch Capital Markets Espana

Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATION
Donald Trump
PERSONMerrill Lynch International Incorporated
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION
Frankfurt
LOCATION
United Kingdom
LOCATIONBofA Merrill Lynch Global Credit Research
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONMerchant Bank
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATION
Michael Bloomberg
PERSONThe Financial Service Board
ORGANIZATION
Comisién Nacional de Valores
ORGANIZATION