EFTA01140134.pdf

From: Tazia Smith <I To: [email protected] Cc: L Paul Morris < >, Vinit Sahni >, Vahe Stepanian Subject: Recommendations.... [C] Date: Tue, 07 Jan 2014 16:55:06 +0000 Inline-Images: unnamed; unnamed(1) Classification: Confidential Jeffrey - Looking forward to seeing you Friday for complete position review and current. actionable recommendations from your DB team (ceing Vinit who will join us from London by phone). In the interim consider the following: Haze • Redeem -$2.7mm JP High Yield Mutual (OHYFX) - you made -19% total return over your hold. (down -3.5% on price) Southern Financial • Sell 750k face JPM 6% fixed-to-float perpetual preferred, floats only at 3moL+330bps in 22 - you're down just -84bps total return basis, doesn't comp well • Sell 1.4mm face GE 5.25% fixed-to-float perpetual preferred, floats only at 3moL+296.7bps 23 down • You own 397k euros. earn no interest, consider EURUSD Deposit Plus. Ex: EURUSD. aura on deposit. 2-week duration. 3% annualized yield. -1.373 strike vs. 1.36 spot ref. (for comparison, short dated periphery bond spreads have come in. as you know. ex: spanish 10115 bond -100bps) After the year-end rally, consider an entry point on the knock-out put on the Eurostoxx50 we had talked about vs. your basket of single names that you currently own (still at JP at the moment). Following the record-beta year we just had. we think relative value. alpha. and US. will be integral to absolute returns. Re-freshed pricing on the KO Put overlay here. please let us know: Structure: Client buys Knock-out Put Euroston50 Underlying: SXSE Currency: Euro Notional: 10mm Tenor: 13-months Put Strike: 100% Barrier: 80% (observed at maturity only) Offer: 3.97% (vs vanilla at 8.92%) Indicative levels only. Subject to market movement. Source: DB Equity Derivatives. 117114 Tazia Smith Director i Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset 8 Wealth Management 345 Park Avenue. 26th Floor EFTA01140134 Rusin.*Peeform This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. ➢eutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01140135