Tenor: 18 month Issuer: SocGen Contingent Barrier: 19.90% Coupon: 0% Max Return: Uncapped Healthcare (20%) Name Ticker Rating JPMS Target MERCK & CO. INC. MRK OW $64.00 ROCHE ROG OW $280.00 HUMANA HUM OW $150.00 BRISTOL-MYERS SQUIBB CO BMY OW $60.00 GILEAD SCIENCES GILD OW $100.0

his as an=opportunity to add to our core names. Name Rating<=> Target<=> BRISTOL-MYERS SQUIBB CO OW<=> 78.00<1=> PFIZER INC OW<=> 40.00</=> MERCK & CO. INC. OW<=> 66.00<1=> Source: Bloomberg, JPM 1=126/2015 4.=nbsp; Defense: Geopolitical events in Rus=ia, the Middle East and the South China Sea