his report as recorded in the report timestamp. Officers of MLPF&S or one or more o BofA Merrill Lynch Global Research "BofA Merrill Lynch" includes Merri its affiliates (other than research analysts) may policies relating to conflicts of interest are described at http://go.bofa.com/coi. have a financ

ri ed K ional Limited, which are authorized tional Bank Limited, London Branch, wl PRA are available from us hange Act in I Lyne ment (Argentina): > Merri ated b errill Lynch Lynch Securi Lynch Banco y. ingdom (UK) he FCA and Lynch (Seou erril y the Securities and ies, FSA); ultip 0 pro h (Sing

; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde

; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde

; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde

; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde

ica Merrill Lynch Internati he future distribute, researc e Hong Kong Securities and errill Lynch (Taiwan): Merrill Exchange Board of India; PT y; Merri (DIFC Branch), regulated b Va proved for publication and es of the FCA and PRA - detai ies dealer u forma jon ed in Singa LIBLMB} an bu pore to

es in the US (short name: legal name, regulator}: Merril International, regulated by the Financial Conduc

e Securities and Exchange Board of India; Merrill Lynch (Indonesia): PT Merrill Lynch Sekuritas Indonesia, regulated by Otoritas Jasa Keuangan (OJK); Merri Valores; Merrill h) regulated by h Africa): Merrill Lynch | Lynch (Asia hority of h Mexico, SA de Lynch he DSP Merrill Lynch Limited, Il Lync

itas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch Israel Limited, regulated by Israel Securiti

Excl Lynch Israel Limited, regulated by Is DIFC): Merril Comisidn Nacional del Mercado De errill Lynch King

by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espa

not intended to be either a specific offer by any Merrill or Bank of America entity to sell or provide, or

e matters re report sho! ld contact ea los F 06872E A efined by s.761G of the Cor ing Institution under the Banking Act 1959 nor regu ion is by Merri DIFC) are done so in accordance wit distributes this report i red and issued its non-US aff uld do so through MLPI ated or publicatio the FCA and t

ffice launched a Martin Act investigation against Merrill Lynch for suspected fraud.[6] When the investigat