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d-31644House OversightOther

BoA Merrill Lynch Research Report Disclosures – Boilerplate Conflict and Distribution Information

The document consists entirely of standard regulatory disclosures, conflict‑of‑interest statements, and lists of global BofA Merrill Lynch affiliates. It contains no specific allegations, names of ind Repeated mention of major banks (BNP Paribas, Deutsche Bank, ING, Intesa, Santander) as clients of t Extensive list of BofA Merrill Lynch global affiliates and regulatory jurisdictions. Standard conf

Date
November 11, 2025
Source
House Oversight
Reference
House Oversight #014999
Pages
5
Persons
0
Integrity
No Hash Available

Summary

The document consists entirely of standard regulatory disclosures, conflict‑of‑interest statements, and lists of global BofA Merrill Lynch affiliates. It contains no specific allegations, names of ind Repeated mention of major banks (BNP Paribas, Deutsche Bank, ING, Intesa, Santander) as clients of t Extensive list of BofA Merrill Lynch global affiliates and regulatory jurisdictions. Standard conf

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research-reportconflict-of-interestfinancial-disclosureshouse-oversightregulatory-compliance

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EFTA Disclosure
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Disclosures Important Disclos ures Price charts for One or more anal F&S orana issuer is or was, within the F&S or an affiliate has recei ander. issuer is or was, within the e US, retail sales and/or dis F&S or an affiliate has received F&S or an affiliate expects to re ibas, Deutsche Bank, ING Group, LPF&S together with its affiliates ownership position on he report: BNP Paribas The issuer is or was, wi ntesa, Santander. BofA Merrill Corporation, inc ved , Deutsche Bi hin the last ysts responsible for covering iliate was a manager of a pub compensa compensa ceive or in ntesa, San ander, ank, ING Group. Other Important Disclosures Prices are indicative and for information purposes only. Except as otherwise stated in the report, for the purpose of any recommendation in relation to: (i) an equity security, the price referenced is the publicly traded price of the security as of close of business on the day prior to the date of the report or, if the report is published during intraday trading, the price referenced is indicative of the traded price as of the date and time of the report; or (ii) a debt security (including equity preferred and CDS), prices are indicative as of the date and time of the report and are from various sources including Bank of America Merrill Lynch trading desks. The date and time of completion of the production of any recommendation in this report shall be the date and time of dissemination of this report as recorded in the report timestamp. he securities referenced in this research report are available at http://pricecharts.baml.com, or call 1-800-M he securities in this report owns options on the financial instrument ic offering of securities of this issuer within the last 12 months: BNP Paribas ast 12 months, an investment banking client of MLPF&S and/or one or more of its affiliates ion from the issuer for non-investment banking services or ast 12 months, a non-securities business client of MLPF&S and/or one or more of its affiliat ribution of this report may be made only in states where these securities are exempt from registra ion for investment banking services from this issuer wit ends to seek compensation for investment banking serv beneficially owns one percent or more of the common stock of this he last day of the previous month. Reports issued before the 9th day of amont 2 months, a securities business client (non-investment banking) o Lynch Research Personnel (including the analyst(s) responsible for this report) receive com ERRILL to have them mailed. , Santander. products within the pas es: BNP hin ices he past 12 months: BN from this issuer or ana P Paribas, Deutsc filiate of the issu h reflect the ownership position at the end o MLPF&S and/or one or more of its affiliates: pensation based upon, among other factors, : BNP Paribas, Deutsche Bank, ING Group, Intesa, Santander. 12 months: BNP Paribas, Deutsche Bank, ING Group, Intesa, Paribas, Deutsche Bank, ING Group, Intesa, Santander. ion or have been qualified for sale: BNP Paribas, Intesa. he Bank, ING Group, Intesa, Santander. er within the next three months: BNP issuer. If this report was issued on or after the 9th day of the month, it reflects the the second month preceding the date of BNP Paribas, Deutsche Bank, ING Group, he overall profitability of Bank of America uding profits derived from investment banking. The analyst(s) responsible for this report may also receive compensation based upon, among other factors, the overall profitability of the Bank’s sales and trading businesses relating to the class of securities or financial instruments for which such analyst is responsible. Officers of MLPF&S or one or more BofA Merrill Lynch Global Research "BofA Merrill Lynch" includes Mer 0 ri its affiliates (other than research analysts) may have a financial interest in securities of the issuer(s) or in related investments. policies relating to conflicts of interest are described at http://go.bofa.com/coi. | Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S’) and its affiliates. Investors should contact their BofA Merrill Lynch representative or Merrill Lynch Global Wealth Management financial advisor if they have questions concerning this report. "BofA Merrill Lynch” and "Merrill Lynch” are each global brands for BofA Merrill Lynch Global Research. Information relating to Non-US affiliates of BofA Merrill Lynch and Distribution of Affiliate Research Reports: LPF&S distributes, or may in the fi South Africa ( PRA}; Merrill Lynch (Australia): Pacific) Limited, regulated by th Singapore (MAS); Merrill Lynch CV, Casa de Bolsa, regulated by japan): Merri Financial Supervisory Service; regulated by the Securities and Excl Lynch Israel Limited, regulated by Is DIFC): Merril Comisidn Nacional del Mercado De errill Lynch Kingdom of Saudi Ara This researe FCA and the retail clients imited regu h Pl (as defined in the rules ation by the FCA and P by HKSFC is issued and distributed i Singapore) (Company Registration 064 874 531), AFS License 412901 ‘Wholesale’ clients as d Authorised Deposit-Tal report in Brazil and its pre Frankfurt Branch (BAMLI Frankfurt) This research report has been prepa responsibility for research reports o security discussed in the report sho! local distribu erril Va bia Company, regu report: has been approved for publication and is dis RA) by MLI (UK) and Bank of America Merrill Lynch | the FCA and the PRA) by RA - details about Lynch (Japan), a registered securities dea investors and/or accredited investors pared and issued by Merrill Lynch U rael Securities Aut ores; Merrill Lyn 0 hee er under the wan by Merri n Tai ea (BANA Australia} and efined by s./61G of the Corporation ing Institution under the Banking Act 1959 nor regu Brazil) in accordance with DIFC) are done so in accordance wit distributes this report in Germany and jon is by Merrill Lynch red and issued by MLP its non-US affiliates d uld do so through MLPI xten Financial I Lynch (Ti ch as defined under the jos F 06872E and 198602883D respec Lynch Equi 2001. Wi erril is Ac ures Co ne, regu ure distribute, research reports 0 Pty) Ltd., regulated by The Financial Service Board; MLI (U Lynch Equities (Australia) Limite e Hong Kong Securities and Fu Canada): Merrill Lynch Canada he Comisién Nacional Bancaria y de Va ne n Lynch Japan Securities Co., Ltd, regulated by the Financi errill Lynch (Taiwan): Merrill Lynch Securities (Taiwan) Ltd., regul hange Board of India; Merri hority; Lynch International (DIFC Branch), regulated by t ch (Brazi ated by Lynch Capi errill of our regu struments alwan)}; is issued and Financia F&S and/or one or more o istributed to F&S and not such ributed in the Uni ntern K): Merrill Lynch In d, regulated by the A mmission (HKSFC); ated by the Investm ores; Merrill Lynch al Services Agency; of America Merrill al Market Authori ed K ational Limited, w Ly y. Lynch Interna ation by and Excl the dist dvisers Regu ively). MLIBL| ies (Austral he exception o ated by rib A ati h | a he requiremen regulated h S sno F&S clients int foreign afi LPI the following non-US affi ernati Merri Argent ndonesia): PT Merrill Lyn errill Lynch (Russia}: O00 Dubai }: Bank he errill Financial Services Authority ingdom (UK) to professional clients and eligible counterparties hich are authorized tional Bank Limi FCA and PRA are availab| hange Act in Japan; is issued Band Merrill Lynch (S ia) Limited (ABN 65 006 276 795), AFS License 235132 (MLEA) distribu affiliates involved in preparing this research report is an ion or distribution of this the DFSA. Research re he Australian Prudential Regulation Authority. pplicable regulations. Merrill Lynch (DIFC) is au by BaFin. lates in the nal, regulate oO ustral | ndustry Regu na}: Merrill Lynch (Seou ent | atory Organization of Canada; Merrill Lynch (Mexico Lynch Argentina SA, regulated by Comisién Nacional ): Merrill Lynch International Incorporated (Seoul Br: ated by the Securities and Futures Bureau; DSP Merrill Lynch (Ind ch Sekuritas Indonesia, regulated by Otoritas Lynch Securities, Moscow, regulated by the Central Bank DFSA); Merrill Lynch (Spain): Merrill Lynch Capital nch Banco Multiplo SA., regulated by Comissdo de erril as each i by tl ed, London he PRA and regulated by the Branch, which is authorized by the Cen ral Bank and distributed in H errill Lynch (India}; International Bank L ingapore) are regula long Kong by Merrill Lynch (H and is issued and distribu imited (Merchant Bank} (ML ed by MAS. Bank of America e uted in In ons) by dia by DSP errill Lynch its jo approval is required for pu horized and regulated by s of the DFSA conduct of business rules. Bank of America Merrill Ly BANA Australia, neither MLEA nor any 0 nea n-US affiliates. MLPF&S is the distributor of this research report in he US. Any US person receiving this research report and wishing to ef iliates. Hong Kong recipients of this research report should contact Merrill respect of any matters relating to dealing in securities or provision of specific advice on securities or any other matters arising from, or in connection with, this re this research report should contact with, this research report. errill Lynch International Bank Limited Merchant Ban US (short name: legal name, regulator): Merrill Lynch (Sou d by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority ian Securities and Investments Commission; Merrill Lynch (Hong Kong}: Merrill Lynch (Asia Lynch (Singapore): Merrill Lynch (Singapore) Pte Ltd, regulated by the asa Keuangan (OJ}K); Merri of the Russian arkets Espana, S.ASV,, Valores Mobiliarios; e from us on request; has been considered and distri ed in Singapore h Africa}: Me joneta }: Merrill Lyne de Valores; anch) regulated by ia}: DSP Merri ry Au Federa regu Merrill Lynch 5 defined int of Ireland and subje KSA Comp he rules of FCA and the PRA, and is distributed in the UK to rill Lynch hority of h Mexico, SA de errill Lynch he | Lynch Limited, ll Lynch (Israel}: ion; Merril errill Lynch by any, ated he ct to buted in Japan Kong) which is ong BL! NA, B) and blica h International Limi he US and accepts ful ect any transaction Lynch (Asia Pacific} to ins errill Lynch Australian Branch (ARBN his report in Austra by Merrill regulated itutional ia only to ports ed, in any Limited in port. Singapore recipients of ) and/or Merrill Lynch (Singapore) Pte Ltd in respect of any matters arising from, or in connection 28 Global Equity Volatility Insights | 20 June 2017 BankofAmerica Merrill Lynch

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URLhttp://pricecharts.baml.com
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