Regional Bank HOLDRS are Depositary Receipts issued by the Regional Bank HOLDRS Trust which represent an undivided beneficial ownership in the common stock of a group of specified companies that are involved in various segments of the regional banking industry. The Bank of New York is the trustee. Regional Bank HOLDRS may be acquired, held or transferred in a round-lot amount of 100 Regional Bank HOLDRS or round-lot multiples. Regional Bank HOLDRS are separate from the underlying deposited common stocks that are represented by the Regional Bank HOLDRS. The Regional Bank HOLDRS Trust is not a registered investment company under the Investment Company Act of 1940.
