EFTA01451457.pdf

10mm notional? <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 Mobil Email <mime-attachment.gif> From: Jeffrey Epstein <[email protected]> To: Tazia Smith 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 4 > 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. on 01/17/2014 10:35 AM From: Nav Gupta To: Date: : AM subjec I like buying USDCAD calls to position for further weakness in CAD. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 108072 CONFIDENTIAL SDNY_GM_00254256 EFTA01451457