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Merrill Lynch Account Terms and Conditions

Access supplemental materials by clicking on the links below or visiting and Merrill Lynch , Pierce, Fenner & Smith Incorporated (referred to as Merrill or we) is registered with the Securities and Exchange Commission (SEC) as both a broker-dealer and an investment adviser, and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which is described at Managed Account Advisors LLC (MAA), our subsidiary, is also an SEC-registered investment advisor. You can access free and simple tools to research firms and financial professionals at , which also provides educational materials about broker-dealers, investment advisers and investing. Brokerage and investment advisory services and fees differ and it is important for you to understand these differences.

Code 1960 (Rev. 12/13) Page 1 of 3 Merrill Lynch Account Terms and Conditions ... the sale of any Stock held in the Account, ...

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