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The information and views are as of the date noted, are for informational purposes only, and are not intended to address the financial objectives, situation or specific needs of any individual investor. The information presented does not constitute, and should not be construed as, investment advice or recommendations.

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Investment products:

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Certain U.S. Trust associates are registered representatives with Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and may assist you with investment products and services provided through MLPF&S and other nonbank investment affiliates. MLPF&S is a registered broker-dealer, member SIPC and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp"). U.S. Trust operates through Bank of America, N.A., and other subsidiaries of BofA Corp.

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