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ELEMENTS are exchange-traded notes designed to track the return of a specific underlying market measure. After their initial offering, ELEMENTS can be bought and sold through a broker or financial advisor on a U.S. securities exchange.

Market Data As of market close  09/22/2017
Closing Price: $18.35
Net Change: $0.00
% Change: 0.00%
52-week High/Low: $18.57/$15.22
Volume: 300
30 Day Volume Average: 45
Market Capitalization: $1,000,000
Source: Bloomberg. The "closing price" is the closing market trading price.
 
Market Data set forth on the ELEMENTS website may be published on a delayed basis, and thus may not reflect the actual original published time. Market Data is ordinarily updated at approximately 10:00 A.M. (New York Time) each business day. Not all Market Data will be published.
 
Indicative Values
Closing Indicative Value*: 09/22/2017 $18.64
Weekly Repurchase Value*: 09/19/2017 $18.66
*Source: Bloomberg. The "weekly repurchase value" and "closing indicative value" are historical, do not guarantee future performance, and are shown for illustrative purposes only. The repurchase value will apply to any repurchase by the issuer.
Indicative Values set forth on the ELEMENTS website may be published on a delayed basis, and thus may not reflect the actual original published time. Indicative Values are ordinarily updated at approximately 10:00 A.M. (New York Time) each business day. Not all Indicative Values will be published.
Returns* As of market close 09/22/2017
Timeframe1 moYTD1 yrSince Note Inception
SPECTRUM Large Cap US Sector Momentum Index2.33%11.40%14.88%101.71%
SPECTRUM ELEMENTS (Indicative Value)2.25%10.76%13.95%86.40%
SPECTRUM ELEMENTS (Market Price)1.96%11.83%13.64%83.50%
*Source: Bloomberg.
Profile
Issuer: SEK
Primary Exchange: NYSE
Ticker: EEH
Intraday Indicative Value Ticker: EEHIV
Bloomberg Index Ticker: SPBNPSP
CUSIP: 870297504
Inception Date: August 01, 2007
Maturity Date: August 08, 2022
Initial Index Level: 1063.97
Denomination: $10.00
Short Sales* : Yes, on an up – or down tick
Yearly Fee : 0.75%
*With short sales, an investor risks paying more for a security than the amount one received from its sale.

Returns
Index Returns indicates percentage change in the index level expressed as a percentage from the beginning of the relevant period to the end of the relevant period. Index Returns are for illustrative purposes only and do not represent actual ELEMENTS performance. Index Returns do not reflect any fees which would reduce an investor's actual return. Indices are not managed and one cannot invest directly in an index.

ELEMENTS Returns indicate the change in last reported prices at or shortly after 4:00 pm Eastern time expressed as a percentage from the beginning of the relevant period to the end of the relevant period and do not represent the returns an investor would receive if an investor traded at other times. Market Returns do not account for brokerage commissions which will reduce actual returns.

ELEMENTS Indicative Values Returns indicate the change in last reported indicative values at or shortly after 4:00 pm Eastern time expressed as a percentage from the beginning of the relevant period to the end of the relevant period.

Weekly Repurchase Value
Weekly Repurchase Value will equal the principal amount of ELEMENTS times the Index Factor on the relevant valuation date times the Fee Factor on the relevant valuation date.

Fee Factor
The fee factor is equal to one minus the product of (i) the annual investor fee and (ii) the number of days elapsed from the inception date to and including the applicable valuation date divided by 365. The annual investor fee is equal to 0.75%.

Index Factor
The index factor on any given day, other than the final valuation date, will be equal to the closing level of the index on the day divided by the initial index level. The index factor on the final valuation date will equal the average of the closing levels of the index for the five trading days prior to and including the final valuation date divided by the initial index level. The initial index level is the closing level of the index on the inception date.

To Equity StrategiesSPECTURM U.S. ETN (EEH)

What Are Some of the Risks of the Securities?

An investment in the Securities involves risks and may not be suitable for all investors. Some of these risks are summarized here, but we urge you to read the more detailed explanation of risks in "Risk Factors" in the pricing supplement. Terms used but not defined below have the meaning set forth in the pricing supplement.
  • Uncertain Principal Repayment - If the value of the Index decreases, or does not increase by an amount greater than the aggregate investor fee applicable to your Securities, you will receive less than your original investment in the Securities.

  • No Interest Payments - You will not receive any periodic interest payments on the Securities.

  • A Trading Market for the Securities May Not Develop - Although the Securities have been approved for listing, and are currently trading on the NYSE Arca, a trading market for your Securities may not develop. We are not required to maintain any listing of the Securities on the NYSE Arca or any other exchange.

  • Restrictions on repurchases by SEK - You must offer at least $5,000,000 principal amount of Securities to SEK for your offer for repurchase to be considered.

  • Your Offer for Repurchase Is Irrevocable - You will not be able to rescind your offer for repurchase after it is received byMLPF&S, so you will be exposed to market risk in the event market conditions change after MLPF&S receives your offer.

Uncertain Tax Treatment - Significant aspects of the tax treatment of the Securities are uncertain. You should consult your tax advisor as to the specific consequences to you of owning and disposing of Securities.
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Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer and a wholly-owned subsidiary of Bank of America Corporation.
Securities Products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

In considering ELEMENTS as an investment, an investor should review the ELEMENTS prospectus for the particular offering and discuss the security with legal, tax and financial advisors before taking any action. In the event of any inconsistency between this website and the prospectus for a particular offering of ELEMENTS, you should rely on the prospectus in evaluating that offering. Please review Legal Information and Privacy Statement for additional important legal information and the terms and conditions governing use of this website.