Issue 29: 2015

In Brief

Introducing Banking Rewards

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In September 2014, U.S. Trust launched its Banking Rewards for Wealth Management program, which is designed to thank our clients for their relationship with us. Through the program, clients continue to receive the highest level of banking benefits available and have automatic access to the following:

• Rate bonus on eligible Bank of America credit cards1

• Interest rate discount for purchasing or refinancing auto loans with Bank of America2

• Up to 100 Merrill Edge® $0 online trades per month for equity and exchange-traded funds (ETFs). Other fees may apply 3,4

IMPORTANT INFORMATION

1Bonus will vary based on your type of rewards program. BankAmericard Cash Rewards™ and BankAmericard Privileges® with Cash Rewards bonuses apply to rewards redeemed into a Bank of America checking or savings account or a Merrill Lynch Cash Management Account®. BankAmericard Travel Rewards® bonus applies to customers with a qualifying account. For these cards, if enrolled in Banking Rewards for Wealth Management, your base reward earnings will increase by 75%. For example, if you earn $100 in base rewards, your Preferred Rewards bonus will add $75 to your reward earnings, totaling $175. The bonus will replace the customer bonus you may already receive with the card. For all other eligible points and cash rewards cards, the Banking Rewards for Wealth Management bonus is applied to the monthly base rewards. Visit the Banking Rewards for Wealth Management page at bankofamerica.com/preferred-rewards for a complete list of ineligible cards and additional program details.

2 Auto loan interest rate discount of 0.50% is valid only for clients who are enrolled in Banking Rewards for Wealth Management at the time of auto loan application and who obtain a Bank of America auto purchase or refinance loan. The maximum interest rate discount on a Bank of America auto loan is 0.50%. This discount is not reflected in our published rates on our website but will be applied at loan fulfillment. Discounts are only available on new auto loans through a banking center or online and are not available on dealer financing. Benefit is nontransferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

3 In addition to your stock, ETF or option commission, sell orders may also be subject to a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under “Transaction Fee” on a Trade Confirmation. There are other fees associated with investing in ETFs, read the “Expenses & Charges” sections of the prospectus to find out what they are. Contact us to obtain a prospectus.

4 $0 trades are only available with an individual or joint Merrill Edge self-directed brokerage account. MLPF&S waives its commission fee for 100 monthly online equity trades for Banking Rewards clients. Equity trades include stock and exchange traded funds (ETFs). To learn about additional ways to qualify for $0 trades, call 1.888.MER.EDGE (1.888.637.3343) or visit merrilledge.com/pricing.

In September 2014, U.S. Trust launched its Banking Rewards for Wealth Management program, which is designed to thank our clients for their relationship with us. Through the program, clients continue to receive the highest level of banking benefits available and have automatic access to the following:

• Rate bonus on eligible Bank of America credit cards1

• Interest rate discount for purchasing or refinancing auto loans with Bank of America2

• Up to 100 Merrill Edge® $0 online trades per month for equity and exchange-traded funds (ETFs). Other fees may apply 3,4

IMPORTANT INFORMATION

1Bonus will vary based on your type of rewards program. BankAmericard Cash Rewards™ and BankAmericard Privileges® with Cash Rewards bonuses apply to rewards redeemed into a Bank of America checking or savings account or a Merrill Lynch Cash Management Account®. BankAmericard Travel Rewards® bonus applies to customers with a qualifying account. For these cards, if enrolled in Banking Rewards for Wealth Management, your base reward earnings will increase by 75%. For example, if you earn $100 in base rewards, your Preferred Rewards bonus will add $75 to your reward earnings, totaling $175. The bonus will replace the customer bonus you may already receive with the card. For all other eligible points and cash rewards cards, the Banking Rewards for Wealth Management bonus is applied to the monthly base rewards. Visit the Banking Rewards for Wealth Management page at bankofamerica.com/preferred-rewards for a complete list of ineligible cards and additional program details.

2 Auto loan interest rate discount of 0.50% is valid only for clients who are enrolled in Banking Rewards for Wealth Management at the time of auto loan application and who obtain a Bank of America auto purchase or refinance loan. The maximum interest rate discount on a Bank of America auto loan is 0.50%. This discount is not reflected in our published rates on our website but will be applied at loan fulfillment. Discounts are only available on new auto loans through a banking center or online and are not available on dealer financing. Benefit is nontransferable. Subject to credit approval. Standard underwriting guidelines and credit policies apply.

3 In addition to your stock, ETF or option commission, sell orders may also be subject to a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under “Transaction Fee” on a Trade Confirmation. There are other fees associated with investing in ETFs, read the “Expenses & Charges” sections of the prospectus to find out what they are. Contact us to obtain a prospectus.

4 $0 trades are only available with an individual or joint Merrill Edge self-directed brokerage account. MLPF&S waives its commission fee for 100 monthly online equity trades for Banking Rewards clients. Equity trades include stock and exchange traded funds (ETFs). To learn about additional ways to qualify for $0 trades, call 1.888.MER.EDGE (1.888.637.3343) or visit merrilledge.com/pricing.