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Best Interest Disclosure Statement

BIDS-042022 Best Interest Disclosure StatementPlease retain for your recordsMerrill Lynch, Pierce, Fenner & Smith IncorporatedOne Bryant ParkNew York, NY Regulation Best Interest Disclosure Statement ( Disclosure Statement ) provides information about the scope and terms of the brokerage services that Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill, Merrill Lynch, or we, us or our) provides to retail clients that engage Merrill for brokerage services. It will help you understand our approach, services, fees, compensation and conflicts of information in this Disclosure Statement is current as of the date below.

There is an underwriting discount included in the offering price (which is the price you pay) that varies based on the security. Underwriting discounts range from 0.05% to 7.00% depending on the new issue offering and type of securities being offered.

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