📄 Extracted Text (246 words)
Settlements: T+2
Notional: $10,000,000
IA: $500,000 paid by SOFL on 14-Jan-2015.
Up to 1.5% fees charged on exit under normal circumstances, irrespective of
whether the exit is on scheduled Expiry Date or earlier
Strike: Underlying closing level on Effective Date
Cash flows:
On each reset date:
Buyer receives: Notional / Strike (Index closing level on reset date -
Index closing level on previous reset date)
For the first reset date, Index closing level on previous reset date Strike
Thank you for the trade,
Daniel
Daniel Sabba
Key Client Partners
Deutsche Bank Securities Inc.
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.
Deutsche Bank does not render legal or tax advice, and the information contained in
this communication should not be regarded as such.
<Executed Crude Confirm I.26.15.pdf>
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.
Deutsche Bank does not render legal or tax advice, and the information contained in this
communication should not be regarded as such.
CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0116544
CONFIDENTIAL SDNY_GM_00262728
EFTA01457134
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EFTA01457134
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