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8-K - CURRENT REPORT - OIL SERVICE HOLDRS TRUSTss99691_8k-oil.htm

PROSPECTUS SUPPLEMENT
EXHIBIT 99.1
(To Prospectus dated April 15, 2010)
REGISTRATION NO.  333-52022
 
 

 


1,000,000,000 Depositary Receipts
Oil Service HOLDRS (SM) Trust

This prospectus supplement supplements information contained in the prospectus dated April 15, 2010 relating to the sale of up to 1,000,000,000 depositary receipts by the Oil Service HOLDRS Trust.
 
The share amounts specified in the table in the “Highlights of Oil Service HOLDRS” section of the base prospectus shall be replaced with the following:
 
Name of Company1
 
Ticker
 
Share
Amounts
 
Primary
Trading
Market
Baker Hughes Inc.
 
BHI
  32.2098  
NYSE
Cameron International Corporation
 
CAM
  16.0000  
NYSE
Diamond Offshore Drilling, Inc.
 
DO
  11.0000  
NYSE
Ensco Plc
 
ESV
  11.0000  
NYSE
Exterran Holdings, Inc.
 
EXH
  1.6250  
NYSE
Halliburton Company
 
HAL
  44.0000  
NYSE
Nabors Industries Ltd.
 
NBR
  24.0000  
NYSE
National Oilwell Varco, Inc.
 
NOV
  18.0482  
NYSE
Noble Corporation
 
NE
  22.0000  
NYSE
Rowan Companies, Inc.
 
RDC
  8.0000  
NYSE
Schlumberger N.V. (Schlumberger Limited)
 
SLB
  33.1456  
NYSE
Tidewater Inc.
 
TDW
  5.0000  
NYSE
Transocean Ltd.
 
RIG
  22.0949  
NYSE
Weatherford International Ltd.
 
WFT
  36.0000  
NYSE

 
The share amounts listed in the table above reflect all previous stock splits, dividends and business combination transactions.
 
The date of this prospectus supplement is September 3, 2010.



1 On August 27, 2010, the merger of Smith International, Inc. and Schlumberger N.V. (Schlumberger Limited), both constituents of the Oil Service HOLDRS Trust, became effective.  As a result, Smith International, Inc. will no longer be an underlying constituent of the Oil Service HOLDRS Trust.  Smith International, Inc. shareholders will receive 0.6966 of a share of Schlumberger N.V. (Schlumberger Limited) for each share of Smith International, Inc.  The Bank of New York Mellon will receive 11.1456 shares of Schlumberger N.V. (Schlumberger Limited) for the 16 shares of Smith International, Inc. per 100 share round-lot of Oil Service HOLDRS.  As a result, effective August 30, 2010, 33.1456 shares of Schlumberger N.V. (Schlumberger Limited) will be required for creations/cancellations of each 100 share round-lot of Oil Service HOLDRS.