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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 →Macro Watch | 14 November 2016 Merrill Lynch HOUSE_OVERSIGHT_014429 --- PAGE BREAK --- rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distribu This research report has been prepared and issued by MLPF&S and/or one or more of its non-US affilia responsibility
Page: HOUSE_OVERSIGHT_014430 →ch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S an
Page: HOUSE_OVERSIGHT_010614 →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_010615 →Price Objective Change
le regulations. Merrill Lynch he DFSA conduct of business DIFC is authorized and regula rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germ This research report has been prepared and issued by MLPF&S and/or one or more of its non-US
Page: HOUSE_OVERSIGHT_014394 →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, es, securities and other financial ‘0 obtain. Investors should note that and, in some cases, investors m
Page: HOUSE_OVERSIGHT_014395 →Investment Strategy
ch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. LPF&S and/or one or more of its non-US affiliates. MLPF&S is t
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 →Investment Strategy
rs should seek on existing public information on such Insurance Corporation and are not ases, securities and other financial
ch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S an
Page: HOUSE_OVERSIGHT_014457 →be based solely on existing public information on such Insurance Corporation and are not volve numerous risks, including, oth
ch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S an
Page: HOUSE_OVERSIGHT_014650 →nts as defin ort is an Authorised Deposit- Taking Institution un bution of this report in Brazil and i reports prepared and issued by Merrill Lynch , Frankfurt Branch (BAMLI Frankfurt PF&S and/or one or more of its no distributed to MLPF&S clients int PF&S and not such foreign affiliates. Hong Kong recipient
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 →which are authorized nal Bank Limited, London Branch, which is authorized by the Central rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S a
Page: HOUSE_OVERSIGHT_014785 →nt may be difficult hat price or value of such securities and instruments may rise or fal ure performance. Levels and basis for taxation may change. Insurance Corporation and are not merica, N.A.}. Investments in general and, derivatives, in particular, involve numerous risks, including, among others, market risk, cou
Page: HOUSE_OVERSIGHT_014786 →Entities connected to both Insurance Corporation and Frankfurt

George W. Bush
PERSON
United States
LOCATION
United Kingdom
LOCATION
Tokyo
LOCATION
Donald Trump
PERSONthe Prudential Regulation Authority
ORGANIZATIONBaFin
ORGANIZATION
Michael Bloomberg
PERSON
Seoul
LOCATION
the Financial Services Agency
ORGANIZATION
Marc Rich
PERSON
Merrill Lynch
ORGANIZATIONthe Capital Market Authority
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Bill Clinton
PERSON
Bank of America
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Bank of America Corporation
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATION
North America
LOCATION