EFTA01168491.pdf

From: Jeffrey Epstein <[email protected]> To: Tazia Smith < >, Paul Morris Subject: Re: Barrier Notes [C] Date: Wed, 05 Feb 2014 18:57:48 +0000 Inline-Images: unnamed; unnamed(1) streange risk reward donpt you think On Wed, Feb 5, 2014 at 12:41 PM, Tazia Smith < > wrote: Classification: Confidential Jeffrey - This is for comparative purposes, as the worst-of component (previously sent/below) improves pricing a quite a bit at present. 13mo on SX5E by itself is a non-starter! #1 - 13mo Contingent Minimum Return SX5E 4% Cont Min Return 80% Barder Daily obs. 6% cap max loss: 100% #2 - 2yr Contingent Minimum Return SX5E 10% Cont Min Return 80% Barder Daily obs. 17% cap max loss: 100% Indicative levels only, subject to market movement, source: DB AWM Structured Solutions, 2/5/14. From: Tazia Smith/tat/team To: [email protected], Co: Paul Mords. Vahe Stepanianklbtdbcom@DBAmericas. Vinit Sahni/db/dbcom@DBEMEA. Nav GuplaJdb/dtcom@DBEMEA Data: 02/05;2014 11:49 AM Subject: Barrier Notes (C] Classification: Confidential Jeffrey - EFTA01168491 US ADP report came in light this morning at +175k v 185k cons, as you saw, payrolls catalyst on Friday. For US exposure on pullback and jump-up in volatility, consider (proposed percentages = 5.0): S&P Current: 1742 80%: 1394 Russell 2000 Current: 1086 80%: 868 13mo Contingent Minimum Return Worst-of Note (S&P 500 and Russell 2000): WoF SPX/RTY 8% Cont Min Return 80% Barrier Daily obs. 29.30% Cap Indicative levels only, subject to market movement, source: DB AWM Structured Solutions, 2/5/14. Europe Note: your current Eurostoxx Contingent Note matures 8/26/14, cont min was 4%, cap was 17%, barrier was 70% (1935). A direct comp to your existing structure is currently not pricing well (10.0 on proposed sheet, 5.0 on suggested). Combining US and European views improves the terms and upside participation: SX5E Current: 2962 80%: 2369 13mo Contingent Minimum Return Worst-of Note (Eurostoxx50 and Russell 2000): WoF SX5E/RTY 11.5% Cont Min Return 80% Barrier Daily obs. uncapped Indicative levels only, subject to market movement, source: DB AWM Structured Solutions, 2/5/14. O Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset 8 Wealth Management 345 Park Avenue. 26th Floor New York. NY 10154 Tel. +1 (212)454-2889 Fax +1 (646) 257-3131 Mobile Email I EFTA01168492  fikkg-iol,-tuPeelQropt, 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 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 EFTA01168493