Global Structured Notes - Bloomberg

BloombergQ3 2012 Interest Rate Linked Notes IssuanceGlobal Structured Notes Market Review• The volume of interest rate linked notes decreased significantly by39% to $7.3 bln during Q3 2012 from $12 bln in Q3 2011.• DZ Bank dominated the market with a 27.2% market share of thisasset class followed by Banco Popolare with a 13.6% share. IncapitalLLC was the third largest underwriter, capturing 7.7% of the market.• DZ Bank underwrote the largest number of issues (43) equivalentto almost $2 bln, compared to UBS with 23 issues ($140 mln) and 17issues by Bank of America Merrill Lynch valued at $254 mln.Amount (USD Bln)$35$30$25$20$15$10$5$02007Q32008Q3Interest Rate Linked Notes2009Q32010Q3OtherStep Up FixedRangersIssue Count2011Q32012Q3180016001400120010008006004002000Issue CountQ3 2012 Credit Linked Notes Issuance• The credit linked notes market decreased to $8.9 bln in Q3 2012from $10.3 bln in Q3 2011, a drop of 14%.• DZ Bank had the largest share of 25.3% in Q3 2012 followed byCiti with 7% and Credit Suisse achieving 6.8% share each. CreditSuisse underwrote the largest deal equivalent to $253 mln(BB#EJ319360).• The top three underwriters by the issue count were UBS with atotal of 85 issues ($536 mln), Standard Chartered with 52 ($481mln) and DZ Bank with 38 ($2.2 bln).Amount (USD Bln)$20$18$16$14$12$10$8$6$4$2$02007Q32008Q3Credit Linked Notes2009Q32010Q3Credit LinkedIssue Count2011Q32012Q31,0009008007006005004003002001000Issue CountLEAG LREP NI LEAG CRL LALT LMX NI DEALSPACE © 2012 Bloomberg Finance L.P. All rights reserved.

BloombergUnderwriter League TablesStructured Notes 3rd Party1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANKMKTSHARESHARECHG (%)UBS 1 13.1 2,091 n/a 78 1 24.0 (10.9)Bank of America Merrill Lynch 2 11.6 1,846 n/a 101 4 6.2 5.4Barclays 3 7.7 1,235 0.14 21 7 4.8 2.9Goldman Sachs & Co 4 7.0 1,121 n/a 12 5 5.1 1.9Banco Popolare SC 5 6.4 1,027 4.55 2 - --BNP Paribas Group 6 4.4 698 0.03 14 8 4.7 (0.3)JP Morgan 7 4.2 670 n/a 16 2 14.0 (9.8)Incapital LLC 8 3.9 615 n/a 3 - --Credit Suisse 9 3.1 495 n/a 7 15 1.2 1.9Deutsche Bank AG 10 3.1 490 0.19 21 6 4.9 (1.8)RBS 11 2.7 429 n/a 7 9 2.7-Commerzbank AG 12 2.7 423 n/a 10 14 1.4 1.3Credit Agricole CIB 13 2.5 402 n/a 10 - --DZ Bank AG 14 2.5 401 n/a 12 13 1.4 1.1Citi 15 2.4 390 n/a 14 11 2.0 0.4Nomura Holdings Inc 16 2.4 387 n/a 27 18 1.1 1.3Natixis 17 2.4 378 n/a 7 26 0.6 1.8Morgan Stanley 18 2.2 350 n/a 9 10 2.0 0.2HSBC Bank PLC 19 1.9 306 n/a 6 24 0.8 1.1ANZ Banking Group 20 1.7 270 n/a 2 50 - 1.7TOTAL 100% 15,954 2.08 463 27,196 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this valueStructured notes are hybrid securities combining a fixed-income instrument with a series of derivative components. Excludes variable principleredemption, fixed callable, zero callable, reverse & synthetic convertibles. Self-led deals excluded. Volume in USD millions.12,00010,0008,0006,0004,000Financial 62.24%Government 24.91%Industrial 7.67%Oil/Gas/Elect 5.19%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals2402202001801601401201002,0002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q380LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.3

BloombergUnderwriter League TablesZero Callable Notes1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Morgan Stanley 1 12.7 2,34754 1 11.3 1.4Barclays 2 10.2 1,88448 3 9.5 0.7Citi 3 8.6 1,60034 5 8.1 0.5DZ Bank AG 4 6.8 1,26128 6 6.7 0.1Credit Suisse 5 6.0 1,11921 7 5.9 0.1Wells Fargo & Co 6 5.8 1,07116 24 0.3 5.5Deutsche Bank AG 7 5.6 1,02926 2 10.0 (4.4)JP Morgan 8 5.4 99826 8 5.1 0.3HSBC Bank PLC 9 5.0 92427 4 9.0 (4.0)Commerzbank AG 10 4.9 90020 10 4.3 0.6Societe Generale 11 4.4 81719 9 5.1 (0.7)UBS 12 3.3 61519 16 1.8 1.5Natixis 13 2.3 42514 22 0.6 1.7RBC Capital Markets 14 2.1 38911 20 1.2 0.9ANZ Banking Group 15 1.9 34512 14 2.5 (0.6)Nomura Holdings Inc 16 1.8 3355 18 1.4 0.4Bank of America Merrill Lynch 17 1.8 3308 23 0.5 1.3ING Groep NV 18 1.3 2508 25 0.3 1.0Rabobank Nederland 19 1.2 2258 27 0.2 1.0Banco Bilbao Vizcaya Argentaria 20 1.2 2148 21 0.7 0.5TOTAL 100% 18,526450 13,324 100%9,0008,0007,0006,0005,000Financial 72.89%Government 27.11%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals320280240200160A zero callable note does not pay a coupon throughout the life of the note, the security also has a call option. Volume in USD Millions.4,0001203,000802,0002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q340LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.4

BloombergUnderwriter League TablesZero Callable Notes 3rd Party1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Morgan Stanley 1 19.9 2,34754 1 13.8 6.1Barclays 2 11.7 1,37636 3 9.6 2.1Citi 3 9.3 1,09526 2 9.9 (0.6)JP Morgan 4 8.5 99725 7 6.2 2.3DZ Bank AG 5 7.8 91817 4 8.3 (0.5)Commerzbank AG 6 7.6 90020 10 5.3 2.3Credit Suisse 7 7.3 85919 6 7.2 0.1Societe Generale 8 6.4 75717 9 5.6 0.8Deutsche Bank AG 9 5.0 58714 8 6.0 (1.0)Nomura Holdings Inc 10 2.0 2353 16 1.7 0.3Banco Bilbao Vizcaya Argentaria 11 1.8 2148 17 0.9 0.9Natixis 12 1.7 1955 18 0.8 0.9Raiffeisen Bank International Group 13 1.5 1803 15 1.9 (0.4)UBS 14 1.4 1705 21 0.6 0.8RBS 15 1.3 1506 11 3.6 (2.3)Rabobank Nederland 16 1.2 1454 23 0.2 1.0ANZ Banking Group 17 1.2 1405 13 3.0 (1.8)Bank of America Merrill Lynch 18 1.1 1303 19 0.6 0.5BNP Paribas Group 19 0.9 1033 20 0.6 0.3Daiwa Securities Group Inc 20 0.8 1004 12 3.3 (2.5)TOTAL 100% 11,771281 10,860 100%A zero callable note does not pay a coupon throughout the life of the note, the security also has a call option. Self-led deals excluded. Volume in USDMillions.6,5006,0005,5005,0004,5004,0003,5003,0002,5002,000Financial 57.33%Government 42.67%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals20018016014012010080601,5002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q340LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.5

BloombergUnderwriter League TablesIR Linked Notes1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANKMKTSHARESHARECHG (%)DZ Bank AG 1 22.3 5,561 n/a 110 2 13.8 8.5Deutsche Bank AG 2 6.4 1,595 2.77 38 6 4.2 2.2Banco Popolare SC 3 5.1 1,278 4.55 3 - --Goldman Sachs & Co 4 5.1 1,262 n/a 22 12 2.7 2.4Barclays 5 4.8 1,190 0.14 50 5 5.2 (0.4)Intesa Sanpaolo SpA 6 4.5 1,117 4.57 6 17 1.6 2.9UBS 7 3.6 894 n/a 95 1 14.2 (10.6)BNP Paribas Group 8 3.4 841 0.02 28 13 2.6 0.8Societe Generale 9 3.3 814 0.01 17 11 2.9 0.4Commerzbank AG 10 2.8 692 n/a 16 8 3.5 (0.7)Bank of America Merrill Lynch 11 2.8 686 n/a 30 14 2.2 0.6HSH Nordbank AG 12 2.6 644 n/a 38 62 - 2.6Natixis 13 2.5 626 n/a 7 30 0.6 1.9Incapital LLC 14 2.5 615 n/a 3 - --ING Groep NV 15 2.3 561 2.00 46 16 1.6 0.7Credit Agricole CIB 16 2.1 526 n/a 31 22 1.2 0.9Citi 17 2.1 524 0.07 25 15 1.9 0.2Banco Santander SA 18 2.1 523 n/a 5 61 - 2.1UniCredit 19 1.9 467 n/a 5 26 1.0 0.9Credit Suisse 20 1.9 464 n/a 6 25 1.1 0.8TOTAL 100% 24,893 1.43 736 42,348 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this value18,00016,00014,00012,00010,000Consumer Prod/Svcs 1.27%Financial 78.29%Government 15.51%Industrial 4.93%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals700600500400Structured note which underlying is a money market or swap rate. Includes fixed callable step up notes. Excludes variable principle redemption notes.Volume in USD millions.8,0003006,0002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q3200LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.6

BloombergUnderwriter League TablesIR Linked Notes 3rd Party1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANKMKTSHARESHARECHG (%)Goldman Sachs & Co 1 10.9 1,063 n/a 9 5 4.7 6.2Banco Popolare SC 2 10.5 1,027 4.55 2 - --Barclays 3 9.8 957 0.14 13 7 4.1 5.7Bank of America Merrill Lynch 4 6.3 616 n/a 22 10 2.3 4.0Incapital LLC 5 6.3 615 n/a 3 - --UBS 6 5.2 507 n/a 27 1 26.3 (21.1)BNP Paribas Group 7 4.6 445 0.03 10 4 4.9 (0.3)Commerzbank AG 8 4.3 423 n/a 9 13 1.7 2.6Credit Agricole CIB 9 4.0 386 n/a 5 - --Natixis 10 3.6 351 n/a 5 24 0.6 3.0DZ Bank AG 11 3.5 339 n/a 11 12 1.8 1.7HSBC Bank PLC 12 2.9 281 n/a 3 19 1.0 1.9Credit Suisse 13 2.8 277 n/a 2 15 1.5 1.3Deutsche Bank AG 14 2.8 270 0.19 12 6 4.5 (1.7)Citi 15 2.4 237 n/a 6 14 1.6 0.8Morgan Stanley 16 2.4 231 n/a 2 11 1.8 0.6JP Morgan 17 2.1 203 n/a 7 2 15.4 (13.3)Erste Group Bank 18 2.0 200 n/a 1 - --Nomura Holdings Inc 19 2.0 196 n/a 5 23 0.6 1.4RBS 20 1.8 176 n/a 2 8 2.6 (0.8)TOTAL 100% 9,766 2.08 189 21,191 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this valueStructured note which underlying is a money or swap rate. Includes fixed callable step up notes. Excludes variable principle redemption notes. Self-led10,0009,0008,0007,0006,0005,0004,0003,000Financial 46.31%Government 39.16%Industrial 12.56%Oil/Gas/Elect 1.98%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals1801601401201008060deals excluded. Volume in USD millions.2,000401,0002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q320LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.7

BloombergUnderwriter League TablesCMS & CMT Notes1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANKMKTSHARESHARECHG (%)Goldman Sachs & Co 1 15.3 867 n/a 12 2 7.7 7.6Credit Agricole CIB 2 9.2 520 n/a 13 7 5.5 3.7Deutsche Bank AG 3 8.8 499 n/a 6 10 4.4 4.4Natixis 4 8.8 499 n/a 5 15 2.7 6.1Commerzbank AG 5 8.7 496 n/a 6 8 5.0 3.7UBS 6 5.9 334 n/a 6 5 6.7 (0.8)JP Morgan 7 5.8 329 n/a 4 11 4.3 1.5BNP Paribas Group 8 4.7 270 n/a 5 20 1.8 2.9ANZ Banking Group 9 4.4 250 n/a 1 - --Citi 10 4.0 226 n/a 5 24 0.8 3.2Barclays 11 3.9 222 n/a 4 9 4.6 (0.7)RBS 12 2.9 165 n/a 2 34 0.1 2.8Credit Suisse 13 2.6 147 n/a 2 21 1.7 0.9Morgan Stanley 14 2.3 133 n/a 2 13 3.6 (1.3)HSBC Bank PLC 15 2.3 131 n/a 1 28 0.5 1.8DZ Bank AG 16 1.9 109 n/a 4 - --Bank of America Merrill Lynch 17 1.7 96 n/a 2 12 4.2 (2.5)Societe Generale 18 1.2 66 n/a 1 4 6.8 (5.6)KBC Group NV 19 1.0 60 1.18 8 1 8.0 (7.0)Banco Bilbao Vizcaya Argentaria 20 0.7 39 n/a 1 27 0.6 0.1TOTAL 100% 5,687 0.23 105 7,229 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this valueCMS & CMT notes pay a coupon linked to a Constant Maturity Swap or Constant Treasury Swap with a positive or negative spread or with a deleveragedor leveraged multiplicator. Volume in USD millions.4,0003,5003,0002,5002,0001,5001,000Consumer Prod/Svcs 1.10%Financial 55.53%Government 10.84%Industrial 21.43%Oil/Gas/Elect 11.11%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals7060504030205002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q310LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.8

BloombergUnderwriter League TablesInterbank Range Accruals1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANKMKTSHARESHARECHG (%)Deutsche Bank AG 1 16.8 360 3.51 5 1 15.5 1.3BNP Paribas Group 2 13.7 295 n/a 9 9 4.9 8.8ING Groep NV 3 12.4 266 n/a 19 10 4.9 7.5Credit Agricole CIB 4 7.6 162 n/a 14 12 2.7 4.9Goldman Sachs & Co 5 7.5 160 n/a 6 8 5.1 2.4Standard Chartered PLC 6 7.1 153 n/a 4 16 1.2 5.9Barclays 7 5.9 127 2.65 12 3 8.8 (2.9)Dexia Capital Markets 8 5.2 111 n/a 18 6 7.9 (2.7)Morgan Stanley 9 5.1 109 n/a 5 11 3.7 1.4UBS 10 4.7 102 n/a 29 7 6.7 (2.0)JP Morgan 11 2.5 54 n/a 3 19 0.5 2.0Mediobanca 12 2.0 43 n/a 1 - --Bank of America Merrill Lynch 13 1.9 40 n/a 9 15 1.5 0.4Citi 14 1.8 39 n/a 7 2 13.5 (11.7)Commerzbank AG 15 1.4 30 n/a 1 - --Societe Generale 15 1.4 30 n/a 1 5 8.1 (6.7)ANZ Banking Group 17 0.9 20 n/a 1 21 0.3 0.6Landesbank Baden-Wuerttemberg 18 0.6 13 n/a 1 - --HSBC Bank PLC 19 0.5 10 n/a 1 14 1.5 (1.0)Landesbank Berlin Holding AG 20 0.4 8 n/a 3 - --TOTAL 100% 2,143 3.10 152 3,708 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this value2,8002,4002,0001,6001,200Financial 98.80%Government 1.20%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals24020016012080A range accrual note accrues at an above the market interest for each day on which the Interbank rate is fixed within a predetermined range while a lowercoupon or no interest is accrued for each day where the reference index falls outside of the range. Volume in USD millions.800404002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q30LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.9

BloombergUnderwriter League TablesCMS Range Accruals1/1/12 - 9/30/1220122011MKTFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)ING Groep NV 1 50.2 19815 1 18.5 31.7JP Morgan 2 11.4 453 5 7.8 3.6Standard Chartered PLC 3 10.1 402 - --Barclays 4 8.4 334 4 8.6 (0.2)Banco Bilbao Vizcaya Argentaria 5 7.6 302 11 2.9 4.7RBC Capital Markets 6 6.3 252 - --UBS 7 3.3 131 10 3.0 0.3Rabobank Nederland 8 2.5 101 14 0.7 1.8TOTAL 100% 39430 1,403 100%A CMS range accrual note accrues at an above the market interest for each day on which the swap rate is fixed within a predetermined range while alower coupon or no interest is accrued for each day where the reference index falls outside of the range. Volume in USD millions.INDUSTRY BREAKDOWNFinancial 100.00%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals90080070060050040030020010002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q36050403020100LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.10

BloombergUnderwriter League TablesCMS Dual Leveraged Notes1/1/12 - 9/30/12FIRMRANKMKTSHARE2012VOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANK2011MKTSHAREMKTSHARECHG (%)DZ Bank AG 1 37.1 166 n/a 4 2 13.5 23.6Goldman Sachs & Co 2 17.6 79 n/a 2 - --BNP Paribas Group 3 14.2 63 n/a 1 - --ING Groep NV 4 12.9 58 2.00 4 8 1.7 11.2Deutsche Bank AG 5 6.9 31 n/a 1 - --Commerzbank AG 6 3.1 14 n/a 2 - --UniCredit 7 2.9 13 n/a 1 - --Credit Agricole CIB 8 2.4 11 n/a 2 - --JP Morgan 9 1.8 8 n/a 1 - --Barclays 10 1.1 5 n/a 2 3 4.4 (3.3)TOTAL 100% 447 0.40 20 412 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this valueA CMS Dual Leveraged Note pays a coupon that is linked to the spread between two interest rate swaps. It is also referred as a "Steepener". Volume inUSD millions.INDUSTRY BREAKDOWNFinancial 85.30%Government 14.70%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals5004504003503002502001501005002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q32018161412108642LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.11

BloombergUnderwriter League TablesDual Range Accruals1/1/12 - 9/30/1220122011MKTFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Goldman Sachs & Co 1 54.9 2094 5 2.2 52.7Citi 2 26.3 1001 4 2.3 24.0Barclays 3 5.3 201 2 11.2 (5.9)Deutsche Bank AG 3 5.3 201 - --RBS 3 5.3 202 1 75.4 (70.1)Bank of America Merrill Lynch 6 2.6 101 - --Credit Agricole CIB 7 0.4 21 - --TOTAL 100% 38111 166 100%A dual range accrual is a range accrual note that accrues interest for each day where the two observed reference indices are within their respective rangewhile a lower coupon or no interest is accrued for each day where the indices fall outside of the range. Volume in USD millions.INDUSTRY BREAKDOWNFinancial 100.00%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals240200160120804002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q3322824201612840LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.12

BloombergUnderwriter League TablesDigital Range Accruals1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANKMKTSHARESHARECHG (%)BNP Paribas Group 1 15.9 207 n/a 12 - --Societe Generale 2 13.6 176 n/a 2 - --KBC Group NV 3 12.0 156 n/a 4 4 6.9 5.1RBS 4 10.9 141 n/a 12 3 19.3 (8.4)Credit Agricole CIB 5 8.7 113 n/a 17 6 2.9 5.8ING Groep NV 6 6.0 78 n/a 10 8 2.6 3.4Goldman Sachs & Co 7 5.2 67 n/a 2 13 1.3 3.9Intesa Sanpaolo SpA 8 5.2 67 0.01 2 1 21.8 (16.6)Nomura Holdings Inc 9 5.2 67 n/a 3 20 0.6 4.6Credit Mutuel-CIC 10 3.0 40 n/a 2 23 0.3 2.7JP Morgan 11 2.9 38 n/a 1 - --HSH Nordbank AG 12 2.0 26 n/a 2 - --EFG Eurobank Ergasias SA 13 1.5 20 n/a 1 - --Morgan Stanley 14 1.4 18 n/a 4 7 2.9 (1.5)DZ Bank AG 15 1.0 13 n/a 1 22 0.3 0.7Raiffeisen Bank International Group 16 1.0 13 n/a 2 10 2.4 (1.4)Deutsche Bank AG 17 1.0 13 n/a 1 16 1.0-Barclays 18 0.8 11 n/a 4 2 20.7 (19.9)Credit Industriel et Commercial/Singapor 19 0.6 8 n/a 1 - --Citi 20 0.5 7 n/a 4 27 0.2 0.3TOTAL 100% 1,295 0.00 94 4,252 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this valueA digital note is a type of range note that pays a coupon if the underlying falls within predetermined barriers. The conditions need to be met on a specificobservation date (Digital Discrete) or throughout the whole coupon period (Digital Continuous). Volume in USD millions.7,0006,0005,0004,0003,0002,0001,000Financial 100.00%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals16014012010080604002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q320LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.13

BloombergUnderwriter League TablesInverse Floater Notes1/1/12 - 9/30/1220122011MKTFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Barclays 1 60.9 637 4 17.9 43.0HSH Nordbank AG 2 13.5 142 - --Bank of America Merrill Lynch 3 9.7 101 - --RBC Capital Markets 4 8.9 91 - --Deutsche Bank AG 5 3.7 41 7 1.6 2.1HSBC Bank PLC 6 1.9 21 - --Nomura Holdings Inc 7 1.2 11 - --BNP Paribas Group 8 0.1 01 - --TOTAL 100% 10315 322 100%An inverse floater note has a coupon that is calculated as the difference between a fixed rate (constant) and a benchmark index (variable). Therefore, thecoupon rate moves inversely to changes in its reference index. Volume in USD millions.INDUSTRY BREAKDOWNFinancial 98.79%Government 1.21%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals1,000358006003025204002001510502009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q30LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.14

BloombergUnderwriter League TablesFlip Flop Notes1/1/12 - 9/30/1220122011MKTFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Morgan Stanley 1 40.9 2286 12 1.2 39.7UBS 2 17.4 975 14 0.7 16.7Credit Agricole CIB 3 11.8 661 4 9.2 2.6Goldman Sachs & Co 4 10.4 582 - --Barclays 5 9.6 547 - --Standard Chartered PLC 6 4.1 239 5 6.5 (2.4)JP Morgan 7 3.6 201 9 2.3 1.3Credit Mutuel-CIC 8 1.2 71 11 1.6 (0.4)RBS 9 0.7 41 9 2.3 (1.6)Lloyds TSB Corporate Markets 10 0.2 11 - --TOTAL 100% 55634 444 100%Flip-flops are instruments that give the investor or the holder the option to switch the coupon rate to another predetermined rate on specific dates. Alsoknown as switch coupons, the issuer/holder of these securities can switch the coupon from fixed to float or float to fixed. Volume in USD millions.INDUSTRY BREAKDOWNFinancial 90.56%Government 9.44%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals2,0001201,6001001,2008060800404002002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q30LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.15

BloombergUnderwriter League TablesFloating Callable Step Up Notes1/1/12 - 9/30/1220122011MKTFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Barclays 1 25.0 1251 - --BNP Paribas Group 1 25.0 1251 - --Deutsche Bank AG 1 25.0 1251 1 35.5 (10.5)RBS 1 25.0 1251 - --TOTAL 100% 5001 493 100%A Floating callable step coupon note pays an above market floating coupon stepping up or down through the life of the note. Generally, the coupon rateincreases on call dates when the note is not called back. Volume in USD millions.INDUSTRY BREAKDOWNOil/Gas/Elect 100.00%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals1,200141,0008006004002001210864202009Q1 2009Q2 2009Q3 2009Q4 2010Q1 2010Q2 2010Q4 2011Q1 2011Q2 2011Q3 2011Q4 2012Q20LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.16

BloombergUnderwriter League TablesFixed Callable Step Up Notes1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANKMKTSHARESHARECHG (%)DZ Bank AG 1 51.5 4,924 n/a 92 1 23.6 27.9Barclays 2 8.5 808 0.01 8 11 1.6 6.9Incapital LLC 3 6.4 615 n/a 3 - --UBS 4 5.2 494 n/a 42 2 19.3 (14.1)WGZ-Bank 5 4.2 400 n/a 5 18 0.8 3.4HSH Nordbank AG 6 3.9 377 n/a 19 - --BNP Paribas Group 7 3.3 314 0.03 3 5 3.9 (0.6)Deutsche Bank AG 8 2.3 223 0.19 7 8 3.0 (0.7)Credit Suisse 9 2.0 190 n/a 2 16 1.1 0.9HSBC Bank PLC 10 1.0 100 n/a 1 39 - 1.0JP Morgan 10 1.0 100 n/a 1 3 13.4 (12.4)Morgan Stanley 10 1.0 100 n/a 1 - --Natixis 10 1.0 100 n/a 1 38 - 1.0Nomura Holdings Inc 10 1.0 100 n/a 1 33 0.1 0.9Societe Generale 15 0.9 85 0.19 5 30 0.1 0.8CastleOak Securities LP 16 0.8 80 n/a 1 - --Banif SGPS SA 17 0.8 78 n/a 1 - --Banco Popular Espanol SA 18 0.7 66 n/a 1 - --WestLB AG 19 0.7 63 n/a 1 6 3.7 (3.0)Raiffeisen Bank International Group 20 0.6 62 n/a 1 - --TOTAL 100% 9,560 0.01 205 23,327 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this valueA Fixed callable step coupon note pays an above market fixed coupon stepping up or down through the life of the note. Generally, the coupon rateincreases on call dates when the note is not called back. Volume in USD millions.10,0008,0006,0004,0002,000Financial 68.51%Government 31.49%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals16014012010080604002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q320LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.17

BloombergUnderwriter League TablesInflation Linked Notes1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANKMKTSHARESHARECHG (%)Credit Suisse 1 15.3 198 n/a 2 10 3.1 12.2Societe Generale 2 14.6 188 n/a 8 4 6.3 8.3Landesbank Baden-Wuerttemberg 3 10.3 132 n/a 1 9 4.0 6.3Raiffeisen Bank International Group 4 10.0 129 n/a 1 16 1.9 8.1Morgan Stanley 5 6.7 86 1.00 8 2 11.3 (4.6)UniCredit 6 5.8 75 n/a 1 18 1.6 4.2HSH Nordbank AG 7 4.2 54 n/a 9 11 3.0 1.2Deutsche Bank AG 8 4.1 53 n/a 3 27 0.6 3.5BNP Paribas Group 9 4.0 51 n/a 5 35 0.3 3.7Bank of America Merrill Lynch 10 3.9 50 n/a 1 - --Credit Agricole CIB 11 3.6 47 n/a 3 23 0.9 2.7RBS 12 3.4 44 n/a 3 5 5.8 (2.4)Nordea 13 3.2 41 n/a 1 20 1.2 2.0KBC Group NV 14 2.4 31 n/a 2 28 0.6 1.8Barclays 15 1.9 25 n/a 5 6 5.6 (3.7)Mediobanca 16 1.8 23 n/a 1 33 0.4 1.4Banco Santander SA 17 1.2 16 n/a 1 45 - 1.2Bank fuer Tirol und Vorarlberg AG 18 1.0 13 n/a 1 37 0.2 0.8Jefferies Group Inc 19 0.7 9 n/a 2 - --Santander Investment Chile Ltda 20 0.6 8 n/a 2 - --TOTAL 100% 1,290 0.18 66 7,167 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this valueInflation linked securities issued by non-sovereign entities are considered structured notes. These notes can either have a variable coupon that is linked toa year-over-year inflation index, or the redemption amount is adjusted by an inflation variable. Volume in USD millions.4,0003,5003,0002,5002,0001,5001,000500Financial 89.74%Oil/Gas/Elect 10.26%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals1201008060402002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q30LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.18

BloombergUnderwriter League TablesInflation Linked Notes 3rd Party1/1/12 - 9/30/1220122011MKTFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Credit Suisse 1 38.4 1321 - --UniCredit 2 21.8 751 5 8.0 13.8Deutsche Bank AG 3 15.4 533 - --Bank of America Merrill Lynch 4 14.6 501 - --RBS 5 7.3 251 - --Jefferies Group Inc 6 2.7 92 - --TOTAL 100% 3459 243 100%Inflation linked securities issued by non-sovereign entities are considered structured notes. These notes can either have a variable coupon that is linkedto a year-over-year inflation index, or the redemption amount is adjusted by an inflation variable. Self-led deals excluded. Volume in USD millions.INDUSTRY BREAKDOWNFinancial 61.63%Oil/Gas/Elect 38.37%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals4504003503002502001501005002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q3987654321LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.19

BloombergUnderwriter League TablesSynthetic Convertibles1/1/12 - 9/30/1220122011MKTFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Exane SA 1 47.4 1609 1 33.0 14.4Standard Chartered PLC 2 22.3 752 10 1.3 21.0Goldman Sachs & Co 3 8.1 272 11 0.9 7.2Deutsche Bank AG 4 7.4 251 - --BNP Paribas Group 5 6.7 232 6 4.1 2.6Barclays 6 4.4 151 - --Natixis 7 3.7 122 4 11.2 (7.5)TOTAL 100% 33719 1,150 100%Synthetic convertibles are exchangeable instruments issued by a financial intermediary and have no selling shareholder/corporate counterparty involvedin the transaction. Volume in USD millions.INDUSTRY BREAKDOWNFinancial 100.00%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals90080070060050040030020010002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q34035302520151050LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.20

BloombergUnderwriter League TablesCredit Linked Notes1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DISCLFEES (%)*DEALCOUNTRANKMKTSHARESHARECHG (%)DZ Bank AG 1 23.7 7,505 n/a 120 1 19.1 4.6UBS 2 10.9 3,458 n/a 370 6 5.7 5.2Bank Vontobel AG 3 7.5 2,379 n/a 75 44 - 7.5Landesbank Baden-Wuerttemberg 4 6.1 1,933 n/a 30 2 10.4 (4.3)Bank of America Merrill Lynch 5 4.8 1,504 0.78 115 8 3.9 0.9Deutsche Bank AG 6 4.4 1,407 n/a 75 5 7.7 (3.3)Barclays 7 4.3 1,359 n/a 124 4 8.3 (4.0)Credit Suisse 8 3.9 1,226 n/a 54 14 2.1 1.8ING Groep NV 9 3.7 1,163 n/a 95 11 2.8 0.9Citi 10 3.6 1,152 n/a 96 7 4.5 (0.9)JP Morgan 11 3.4 1,073 n/a 75 3 9.5 (6.1)Standard Chartered PLC 12 3.2 999 n/a 102 13 2.2 1.0Societe Generale 13 2.7 855 n/a 75 15 1.5 1.2Nordea 14 2.4 773 n/a 75 20 0.9 1.5UniCredit 15 2.3 712 n/a 24 9 3.8 (1.5)Commerzbank AG 16 1.5 487 n/a 24 19 1.0 0.5Erste Group Bank 17 1.5 479 n/a 6 43 - 1.5HSBC Bank PLC 18 1.5 477 n/a 59 17 1.2 0.3BNP Paribas Group 19 1.3 399 n/a 31 10 3.3 (2.0)Skandinaviska Enskilda Banken 20 0.9 288 0.75 58 32 0.3 0.6TOTAL 100% 31,646 0.00 1,998 32,748 100%*Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this valueStructured Note which underlying is a credit reference or a basket of credit references. Excludes variable principle redemption notes. Volume in USDmillions.13,00012,00011,00010,0009,0008,0007,000Financial 100.00%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals7507006506005505004504006,0002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q3350LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.21

BloombergUnderwriter League TablesCredit Linked Notes 3rd Party1/1/12 - 9/30/1220122011MKTINDUSTRY BREAKDOWNFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Bank of America Merrill Lynch 1 31.5 1,10576 1 33.6 (2.1)UBS 2 30.3 1,06238 2 12.6 17.7JP Morgan 3 3.9 1385 7 4.3 (0.4)Citi 4 3.8 1327 12 1.8 2.0Barclays 5 3.7 1305 3 11.2 (7.5)BNP Paribas Group 6 3.6 1252 6 6.1 (2.5)Credit Linked Notes Ltd 7 3.4 1201 - --Nomura Holdings Inc 8 3.2 11210 13 1.3 1.9Daiwa Securities Group Inc 9 2.9 1033 - --UniCredit 10 2.9 1014 - --Credit Suisse 11 1.9 653 - --DZ Bank AG 12 1.7 611 - --Banque de Luxembourg 13 1.0 347 - --Mizuho Financial Group Inc 14 0.9 322 9 3.7 (2.8)Deutsche Bank AG 15 0.8 281 11 2.1 (1.3)Carnegie 16 0.8 288 15 0.6 0.2Standard Chartered PLC 17 0.6 212 - --HSBC Bank PLC 18 0.5 182 - --Credit Agricole CIB 19 0.5 165 - --Bank of New York Mellon Corp/The 20 0.4 141 - --TOTAL 100% 3,505203 3,458 100%Structured Note which underlying is a credit reference or a basket of credit references. Excludes variable principle redemption notes. Self-led dealsexcluded . Volume in USD millions.2,4002,2002,0001,8001,6001,4001,2001,000800Financial 100.00%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals7570656055504540600354002009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q330LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.22

BloombergUnderwriter League TablesHybrid Linked Notes1/1/12 - 9/30/1220122011MKTFIRMRANKMKTSHAREVOLUMEUSD (Mln)DEALCOUNTRANKMKTSHARESHARECHG (%)Citi 1 23.3 1403 4 12.1 11.2Goldman Sachs & Co 2 17.4 10516 5 10.9 6.5Bank of America Merrill Lynch 3 14.5 876 7 0.4 14.1Barclays 4 12.1 7310 1 25.2 (13.1)Deutsche Bank AG 5 10.0 602 9 0.2 9.8Societe Generale 6 8.2 5010 2 25.0 (16.8)Credit Agricole CIB 7 5.7 3412 11 0.1 5.6BNP Paribas Group 8 3.3 201 - --UBS 9 2.0 121 6 2.9 (0.9)Morgan Stanley 10 1.7 101 8 0.3 1.4RBS 11 0.9 64 3 22.6 (21.7)JP Morgan 12 0.9 62 10 0.2 0.7TOTAL 100% 60268 651 100%Structured Note which underlying comprise more than one asset class. Volume in USD millions.INDUSTRY BREAKDOWNFinancial 100.00%Total: 100.00%QUARTERLY VOLUMEUSD (Mln) / #Deals70060050040030020010002009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q380706050403020100LEAG LREP LMX LALT LEAG LREP ©2012Bloomberg Finance L.P. All rights reserved.23

Bloomberg Structured Notes - League CriteriaGeneral GuidelinesCredit is based on the total amount of the offering. Full credit is awarded to sole book-running manager or split equally among joint book-runningmanagers. Credit is allocated based on the data/terms provided for any taps/increases. New money portions of exchange offers will be eligible forcredit.U.S. dollar denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-U.S. dollar denominated144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche.Deal Type CoverageStructured Notes are classified as hybrid securities combining a fixed-income instrument with a series of derivative components. Bloomberg follows theStructured Note definitions used by the U.S. banking regulations, which can be found on SND .U.S. Domestic and U.S. Medium Term Notes are eligible for U.S. Structured Notes tables and excluded from the Global tables. Eurobonds, Global andsecurities issued off an EMTN program are eligible for Global Structured Notes tables and excluded from the U.S. tables.ExclusionsThe overall Structured Note tables exclude VPR's (variable principle redemption notes, where the redemption is unknown), fixed callable, zero callablenotes, reverse and synthetic convertibles. (Separate tables for fixed callable and zero callable sub-categories are available). Accredited investortranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipalbonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemptionissues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants.Full versions of Bloomberg’s League Tables Standards & Guidelines can be accessed on Bloomberg Professional:{IDOC 2061504 }: Structured Note{IDOC 2016701 }: Equity{IDOC 2027097 }: Equity Linked{IDOC 2021549 }: Legal Adviser Equity{IDOC 2016703 }: Fixed Income{IDOC 2065648 }: Syndicated Loans{IDOC 2027014 }: Legal Adviser Fixed IncomeBloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the informationherein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale ofsecurities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found onthe Bloomberg Professional Service.