EFTA01140686.pdf

From: Tazia Smith < To: [email protected] Cc: , Paul Morris <I >, Vahe Stepanian Subject: BRL Notes... [C] Date: Tue, 17 Dec 2013 15:11:51 +0000 Attachments: HSBC_BRL_Step_Up_-_TD_April_5,_2013.pdf; HSBC_BRL_Step_Up_- TD March 13, 2013.pdf Inline-Images: unnamed; unnamed(1) Classification: Confidential Good Morning Jeffrey - Per your request, sending full detail on your BRL notes. European barriers of 2.2562 and 2.3040 to get your principal back in —4-5mos. Please see below/attached and call us to discuss. (1) 3/20/14 Note - marking down, -22%. 15% european barrier (= 2.2562). Initial strike 1.9619. Current USDBRL spot -2.3267, -18%. (2) 4/14/14 Note - marking down —19%. 15% european barrier (=2.3040). Initial strike 2.0035. Current USDBRL spot —2.3267, -16%. Payout: a) make 28.5% if BRL is up more than 3% vs. USD at maturity, b) make 5% if BRL is up between 0-3% vs USD, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) Forwarded by n 12116,2013 02:14 PM From: To: jeevacation@gmailcom. Cc: Dale: 11/12/2013 02:55 PM Subject: BRL Notes marking down >20% (Cj Classification: Confidential Jeffrey - You're long 1mm USD each of BRL step up notes in Southern Trust from JP. The notes have a 15% barrier and BRL is presently down —17% vs. USD from your initial strike. The notes are marking down more than 20%. Barrier is European. Final valuation date on the notes are 3/20/14 and 4/14/14. Posting you and would like to get your view given the move and mark-to-market (vs. your -10% rule). EFTA01140686 Speak with you soon, Tazia Tazia Smith Director i Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor Para-io-z,fr ?gift:rein 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. EFTA01140687