EFTA01459511.pdf

From: Paul Morris Sent: 2/2/2016 12:14:27 PM To: Vahe Stepanian CC: Ariane Dwyer Subject: RE: Trade Recap - 01 27 2015 - Long TWTR on ly TRS, Short TWTR ly calls [CI Classification: Confidential Vahe, did they ever come back to you on this? Was there confirm/p&I sent to us? thx Paul Morris Managing Director Deutsche Bank Private Bank Office: Cell: From: Vahe Stepanian Sent: Wednesday, January 27, 2016 1:47 PM To: [email protected] Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Subject: RE: Trade Recap - 01/27/2015 - Long TWTR on ly TRS, Short TWTR ly calls [C] Classification: Confidential Jeffrey — Southern Financial's below TWTR positions will mature this afternoon. Official confirms are attached. Please let us know if you wish to roll — if so, we will be back with indicative pricing. Thank you, Vahe From: Vahe Stepanian Sent: Tuesday, January 27, 2015 5:50 PM To: Daniel Sabba; Jeffrey E. Cc: Paul Morris; Richard Kahn Subject: RE: Trade Recap - 01/27/2015 - Long TWTR on ly TRS, Short TWTR ly calls [C] Classification: Confidential Jeffrey— please find updated TWTR trade details below (inclusive of initial strike), along with attached termsheet. Total Return Swap: Swap Seller: DB Swap Buyer: Southern Financial LLC Ticker: TWTR Size: 100,000 shares Expiry: 1/27/2016 Spread: 1mL+ 75bps Resets: Monthly Optional Early Termination: Applicable, 3 days (two-way) Commissions: $0.03 per share in and out Initial Strike: $38.9662 (Gross) / $38.9962(Net) European Call options on TWTR: Option Seller: Southern Financial LLC CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 119960 CONFIDENTIAL SDNY_GM_00266144 EFTA01459511