On November 3, 2009, Schering-Plough Corporation (“SGP”), a component of the Pharmaceutical HOLDRS Trust (“PPH”), merged with Merck & Co., Inc. (“MRK”) and each SGP share
was converted into .5767 (New) MRK Common Shares and $10.50 in cash. As a result, the cash portion of the merger consideration allocated to the SGP Common Share component of
Pharmaceutical HOLDRS Trust (“PPH”) will be distributed to PPH Shareholders. The distribution ratio is $147.00 per 100 share round lot of PPH HOLDRS. The record date is November
12, 2009. Mail date is to be determined. The NYSE Arca Exchange has set November 9, 2009, as the ex-distribution date for this distribution.
This corporate event will be coordinated with the Options Clearing Corporation.
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