0%/1.75%) " Gross max payoff if knock-in is not triggered: 5.6x (9.9%/1.75%) — you have upside up to 114.9% Regards, Amanda Amanda Ens Director | Global Equities Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park | 5th Floor | New York, NY 10036 Phone: i Mobile

not triggered: 5.6x (9.9%/1.75%) — you have upside up to 114.9% HOUSE_OVERSIGHT_011280 --- PAGE BREAK --- Regards, Amanda Amanda Ens Director | Global Equities Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park | 5th Floor | New York, NY 10036 Phone: Mobil: ii

D) Copyright® 2016 Bloomberg Finance L.P. Source: Bloomberg L7-Hov-2016 14210730 HOUSE_OVERSIGHT_014398 --- PAGE BREAK --- Amanda Ens Director | Global Equities Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated Japan Investment Strategy Nikkei to 20,000: Inventory cycle uptu

rrent environment and are geared into the upside when rates begin to recover... ING, KBC, Intesa, Unicredit, SocGen, Erste, BKIR are all Buy rated. Global Equities Z Bank of America Specialist Sales — European Financials Merrill Lynch MAR disclosure EU BANKS: BIG EQUITY OUTFLOWS BUT REMAIN UPBEAT ON REFLATIO

off with Qatar. See our Saudi Transformation Strategy note from last week here Also attached: thoughts from Asia 0( team and China equity strategy Global Equities MEGA - ASIA EFTA00634188 MEGA View - MSCI China A-share Inclusion: Muted response; Next China Potential catalyst - Xi's visit to Hong Kong " Sag

ess • Postal No address provided Class PUBLIC Email. Internet Email Program Microsoft Exchange Full Address • Work, Pref Job Title Director, Global Equities Last Updated • Date-time 2016-07-15712:51:45, 608Z Name Amanda Ens Note Organization Bank of America Merrill Lynch Program ID Microsoft Exch

010 as a senior analyst covering the US utility sector. Neil has 7 years long/short experience. Prior to joining SAC, he worked as an Analyst in the Global Equities division within Citadel Investment Group, where he covered utilities, gas pipelines and independent power companies, and before that at Pequot Capi

elow. Amanda Ens Director, Global =quities Bank of America =errill Lynch Amanda Ens joined =ank of America Merrill Lynch in 2016 as a Director in Global Equities =ased in New York. In her position, Amanda is focused on growing the =irm's equities and structured transactions business with family offices and =