Merrill Lynch Depositor Inc. Indexplus Trust Series 2003-1 (IPB) risk factors

6 risks, no changes since the prior year. No new risk factors were reported.

6 risks. Trust certificate distributions rely entirely on the performance and unsecured obligations of the underlying securities portfolio. Certificateholders face risks of reduced pass-through rates and losses upon removal events or insufficient trust assets. Potential conflicts of interest exist with BofA Securities, Inc. as the entity that acquired the underlying portfolio.