EFTA01479575.pdf

Subject: Fw: Trade reca (DB / SOFL) [C] From: Tazia Smith > Date: Thu, 17 Apr 2014 18:35:59 -0400 To: Vahe Stepanian Nav Gupta Vinit Sahni Cc: Paul Morris Classification: Confidential Rich, Vinit, Nav, Vahe - Wanted to be sure you had this execution for your records. Tazia Forwarded by Tazi •m on 04/17/2014 03:39 PM From: Matthew OConnor/d To: "''eevacation mail.com"' .com>, Paul Morr Ta Cc: Laura Kra Matthew 0Co a in :inmau emit Gar' Commodities James Fordham Prateek Jai Stavros Valavanis Date: 04/17/2014 03:38 PM Subject: Trade recap (DB / SOFL) Classification: External Communication Jeffrey - Thanks for the trade. To recap: Underlying: Jun14 WTI Bloomberg code: CLM4 <comdty> RMS Counterparty code: SOFL SOFL sells $101 call for $3.27/bbl SOFL buys $93.5 put for $.15/bbl EFTA01479575 Premium: DB pays $3.12/bbl ($312,000) Notional: 100,000 bbls on each leg Both legs knock out if on any day CLM4 fixes below $20/bbl. This trade fully unwinds existing trade. EFTA01479576