Tui“i-ivi, i ifi,,i- ti 00:39 - CEST Titel... 71a T+ https://t.co/MKxxjsgwWq JchilbeT RT @evelinafinance: GBP/USD remains near Smonth 23 Jun 2016, | Argentin 1 | negative high ahead of Brexit referendum: 00:39-CEST | a https://t.co/WuufO9JBuH kiq RT @stereogum: Noel Gallagher steps into Brexit 23 Jun 2016,

nt Industry Regulatory Organiza CV, Casa de Bolsa, regulated by the Comisién Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentin japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch Financial Supervis

d since its strategy to gradually reduce budget deficits is based on low global rates, capital inflows and higher domestic growth. In the case of the Argentine peso, despite showing some detachment from global factors and some positive inflows due to the tax amnesty, we think the currency needs to weaken giv

pportunities in Latin America: Electron’s structural changes: Latin America e ~—_ Brazil’s tariff intervention and consequent derating of sector e §6Argentina’s increasingly urgent need for system investment and tariff increases e Shale gas development in Argentina and its impact on power prices and regiona

HAD ALL PROPER AND DUE PERSONAL COUNSELING TO ADOPT ANY DECISION RELATED TO THIS ISSUANCE. THE UNITS ARE NOT AUTHORIZED TO BE OFFERED PUBLICLY IN THE ARGENTINEAN MARKET OR TO BE SOLD TO ANY INVESTOR IN ARGENTINA. NOTICE TO RESIDENTS OF AUSTRALIA THIS MEMORANDUM HAS NOT BEEN AND WILL NOT BE LODGED WITH THE AU