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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA02655573: Stephen Lynch, Lynch and Southern Trust (DS11)

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Document from Bank of America Merrill Lynch dated March 29, 2017 from Amanda Ens, Director, discussing financial instruments including ATM calls and upside skew analysis. The communication is from Merrill Lynch, Pierce, Fenner & Smith Incorporated at One Bryant Park, 5th Floor, New York, NY 10036.

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PersonKeyword
Excerpt 1
OTM calls to help fund short dated ATM calls, which levers the relatively flat upside skew (Chart below) Amanda Ens Director Bank of America Merrill **Lynch**
Excerpt 2
Merrill **Lynch**, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036 From: Ens, Amanda Sent: Wednesday, March 29, 2017 11
Excerpt 3
Thanks, Amanda Amanda Ens Director Bank of America Merrill **Lynch** Merrill **Lynch**, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York

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