EFTA01466826.pdf

Subject: Fw: Trade Report 1/17/14 [C] From: Amanda Kirby < IIIM> Date: Thu, 23 Jan 2014 13:17:54 -0500 To: Paul Morris ‹ > Classification: Confidential Kind regards, Amanda Kirby (Embedded image moved to file: pic04337.gif) Amanda Kirby Associate Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue 10154-0004 New York, NY, USA Tel. Fax Email (Embedded image moved to file: pic03794.gif) Securities offered through Deutsche Bank Securities Inc. Forwarded by Amanda Kirby/db/dbcom on 01/23/2014 01:17 PM From: Vahe Stepanian/db/- dbcom To: Cc: , Amanda Kirby/db/- dbcom@DBAMERICAS Date: 01/23/2014 10:35 EFTA01466826 AM Subject: Fw: Trade Report 1/17/14 [C] Classification: Confidential Harry, Please find attached LOA to wire funds to DB London for Jeffrey's CAD trade executed last week. Note that the amount on the LOA matches the premium amount Tazia references in her email below. I will follow up shortly with a call to discuss further. Thank you, Vahe (See attached file: Asset Movement Form.pdf) Forwarded by Tazia Smith/db/dbcom on 01/23/2014 10:21 AM From: Tazia Smith/db/- dbcom To: <[email protected]>@DEUBAINT, Cc: , Paul Morris, Vinit Sahni/db/- dbcom@DBEMEA, Nav Gupta/db/dbcom@DBEMEA, Vahe Stepanian/db/- dbcom@DBAmericas Date: 01/17/2014 12:05 PM EFTA01466827  Subject: Trade Report 1/17/14 [I] Classification: For internal use only Jeffrey - Today you bought a USDCAD 1.10/1.13, 1.17 knock-in call spread at 1.1% on $10mm USD notional ($109,995 premium paid). Complete details below. Speak with you soon, Tazia TradeType EUR CP Call BuySell Client Buys Currencyl USD Notionall 10,000,000 Currency2 CAD Notional2 -11,000,000 EFTA01466828  Strike 1.1 ZoneCut NY: 10:00 hours (Local time in New York) ExpiryDate Thu 17 April 2014 SettlementDat Mon 21 April 2014 e FixingReferen SPOT ce Premium 147,945 PremiumTerms USD PremiumDate Tue 21 January 2014 DatabaselD 737154817 TradeType RKI EFTA01466829  BuySell Client Sells Currencyl USD CP Call Notionall -10,000,000 Currency2 CAD Notional2 11,300,000 Strike 1.13 ZoneCut NY: 10:00 hours (Local time in New York) ExpiryDate Thu 17 April 2014 SettlementDat Mon 21 April 2014 e Barrier 1.17 FixingReferen SPOT ce EFTA01466830  Premium 37,950 PremiumTerms USD PremiumDate Tue 21 January 2014 (Embedded image moved to file: pic19699.gif) Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax + Mobil Email (Embedded image moved to file: pic06189.gif) From: <[email protected]> To: Tazia Smith/db/- dbcom@DBAMERICAS, Date: 01/17/2014 11:48 AM EFTA01466831  Subject: Re: Trade Idea: Long 3-Month USDCAD KI Call Spread - 1.10 with a 1.13 sold call knocking-in only if USDCAD trades to 1.17 [I] Ok Sent from my iPad On Jan 17, 2014, at 12:32 PM, Tazia Smith e > wrote: Classification: For internal use only 10mm notional? emime-attachment.gif> Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax + Mobil Email emime-attachment.gif> From: Jeffrey Epstein <[email protected]> EFTA01466832  To: Tazia Smith/db/- dbcom@DBAMERICAS, Date: 01/17/2014 11:15 AM Subje Re: Trade Idea: Long 3-Month USDCAD KI Call Spread - 1.10 with a 1 13 ct: sold call knocking-in only if USDCAD trades to 1.17 [I] i like it .. size ? On Fri, Jan 17, 2014 at 11:48 AM, Tazia Smith e > wrote: Classification: For internal use only Jeffrey - Our US FX traders agree/like Nav's call here. The 3-month 1.10/1.13 USDCAD, 1.17 knock-in call spread (where that 1.13 short call only exists if USDCAD goes to 1.17 during the life of the trade) described below is currently offered —1.1% (Source: DB FX Sales, 1/17/14). Please see the investment thesis below and let us know your thoughts. Best, Tazia Indicative levels only. Subject to market movement. Source: DB Key Client Partners London, as of 1/17/14. Forwarded by Tazia Smith/db/dbcom on 01/17/2014 10:35 AM From: Nav Gupta/db/- dbcom@DBEMEA EFTA01466833  To: Date: 01/17/2014 07:35 AM Subjec I like buying USDCAD calls to position for further weakness in CAD. t: Spot FX is currently 1.095. [I] Classification: For internal use only I like USDCAD call options to position for further weakness in CAD. Spot FX is currently 1.095. Over the course of the past week the interest rate curve has started pricing in a small amount of rate cuts - this development is significant and clearly a beginning of a pain trade. I believe it can go further. Lower CAD rates from here will drive USD CAD higher. <mime-attachment.gif> The limited downside play I like best in USDCAD is buying a 3month expiry 1.10 / 1.13 call spread on USDCAD but where the short 1.13 call position only exists (knocks-in) if USD trades at 1.17 trades in the market before the option expires, otherwise the option payoff is the same as a 1.10 call option. It costs 1% of USD notional. I believe the buyer is well compensated for the knock-in component. If USDCAD rises to 1.15 the option payout is 5 big figures. If 1.17 trades before expiry the payout is limited to 3 big figures. Max loss is premium paid. We can price other structures to fit the risk tolerance (higher or lower) of clients - let us know EFTA01466834  Key Macro Highlights The economy clearly lags the US. Dec13 unemployment unexpectedly rose last Friday to 7.2% South of the border demand for USDCAD is declining as the US heads towards energy independence Low inflation and weak exports are likely to preclude any rate hikes in 2014 <mime-attachment.gif> Best, Nav <mime-attachment.gif> Nav Gupta Managing Director Deutsche Bank AG, Filiale London Deutsche Asset & Wealth Management 105/108 Old Broad St (Pinners Hall), EC2N lEN London, United Kingdom Tel. Mobil Email Any proposed ideas are being delivered to you by the DeAWM Key Client Partners ("KCP") London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, characteristics and risks associated with any ideas proposed herein and will be able to evaluate it independently. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. <mime-attachment.gif> This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and delete this e-mail. Any EFTA01466835  unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Please refer to http://www.db.com/en/content/eu_disclosures.htm for additional EU corporate and regulatory disclosures. <mime-attachment.gif> Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax Mobi Email <mime-attachment.gif> 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. *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by EFTA01466836 return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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. EFTA01466837