EFTA01450722.pdf

From: Tazia Smith ( ] Sent: 12/23/2013 12:01:04 PM To: Paul Morris CC: Vahe Stepanian Subject: JED] Attachments: ARIA - competitor upgrade 12.20.13.pdf; AEGR 11.18.13.pdf; CIE 12.19.13.pdf; pic06256sie pic14288.gif; pic05509.gif; pic15135.gif; pic10835.git pic10266.0f; pic19019.gif; pic22554.gif; pic15546.gif; pic25380.gif; pic14265.gif; pic21613-elf classification: For internal use only Paul - Per our discussion, suggestions below. I look forward to your feedback. Let's discuss. Southern Financial: - SSmm in EURUSD lmo Deposit plus, 1.36 4% annualized yield - Slmm notional 6mo 1.37 EURcuSDp with 1.35 KO -1.6% - Speculative: Add to ARIA - Add AEGR to biotech basket - Add eurostoxx hedge once acct is set up Southern Trust: - S1-3mm inflation linked re-pack structure, 10yr, fixed 4.25% through 3/18 then 245% of CPI, details below (need to confirm booking) - S1-3mm European Periphery linked CLN, Syr, Spain, Italy, Ireland, Portugal, indicative 3moL +375bps , floating. (need to confirm booking) - Leave/watch BRL notes - Speculative: Greek Smo 5.25% sov debt (details below) Haze: - S2-3mm in DFRTX - S1-2mm AXL 6.25% 10/15/22 Jeepers: - 52-5mm in Jeepers in DFRTX (and/or add to JPSHX floating rate fund) - Buy -S250k-lmm FRC E 7% (thin, buy with a limit), trading -$25.23 last - Buy 51-2mm of DXJ and/or Japanese single stocks ((Toyota, Rukaten, Resona, Panasonic, omron, Kawasaki Kisen, sell yen forward - would be done in southern Financial or southern Trust, be that acct is set up) - Buy S1-2mm china end-market basket (Tum, M3N, vow) - Contrarian in china: swire properties (1972.HK) - Buy 51-2mm European equities (single names, TRS, CROCI note, or mutual fund (top dividend and top euro fund) DWSTEFC LX (LU0145647722), DITPDLC LX (Lu0507265923) - Tech ETF: VGT - Build US single name GARP basket (start with 1-2mm total to start): CNCSA, KMI, ADBE - smidcap names to add (carefully): SUNE, HASI, CWST - Speculative: CIE * * * background * * * European Recovery Upside Sunrise in Inflation Preferreds Bullish Japan, Bearish Yen CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0106544 CONFIDENTIAL SDNY_GM_00252728 EFTA01450722