Important notice regarding your Self-Direct Brokerage account
Effective June 7, 2017, the Merrill Lynch Bank Deposit Program (MLBDP)* will be the only cash sweep investment available for your Self-Direct Brokerage (SDB) account. If you have cash in SDB’s other cash sweep investment option – the BIF Money Fund** – that cash will be reinvested in an age-appropriate Target Date Fund*** in your Plan’s core investment menu unless you actively elect to retain that cash in the SDB sweep investment (the MLBDP).  Please review this communication for more information about this change.

Blackout Period for Self-Direct Brokerage Account: June 7-13
To allow for the cash sweep investments’ change in your SDB account, there will be a five-day blackout period in your SDB account from June 7 – 13 when you will not be able to conduct any transactions in your SDB account. During this period, you will be unable to exercise any SDB transactions in your Savings Plan. However, you will retain full access to the remainder of your Savings Plan account during the blackout period.  We encourage you to carefully consider how this blackout period may affect your retirement planning, as well as your overall financial plan.

If you have cash in the BIF Money Fund, and want to maintain that cash in the SDB cash sweep investment (MLBDP), you can make that election here.

* The Merrill Lynch Bank Deposit Program (MLBDP) for SDB accounts provides you with access to a bank deposit account solution within a brokerage account for short-term cash management. It also provides FDIC coverage up to $250,000, per depositor, per bank, per ownership category and utilizes the Tier 4 rate. As of April 10, 2017, the MLBDP Tier 4 APR yield was 0.02%. For current yields and historical Rates of Return for the MLBD Program, please call 1.866.218.INFO (4636).

** You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.  An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.  The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

***The retirient date for these funds is the approximate date when an investor plans to start withdrawing his or her money.  The principal value of these funds is not guaranteed at any time, including at the target date. These funds are designed to become more conservative over time as the target date approaches.

Investing through the Plan involves risk, including the possible loss of the principal value invested.

Investors should consider the investment objectives, risks, charges and expenses of investment options carefully before investing. This, and additional information about the investment options, can be found in the prospectuses and, if available, the summary prospectuses, which can be obtained on this website or by calling Merrill Lynch at 1.800.483.SAVE (7283). Investors should read the prospectuses and, if available, the summary prospectuses carefully before investing.

Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and other subsidiaries of Bank of America Corporation (BofA Corp.). MLPF&S is a registered broker-dealer, miber SIPC and a wholly owned subsidiary of BofA Corp.

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