EFTA01956555.pdf

To: Jeffrey epstein (jeevacation©gmail.com)[jeffrey epstein aeevacationagmail.com)); jeevacationegmail.com 'eevacation mail.com Cc: Barrett Team[ From: Barrett, Paul Sent Tue 9/17/2013 7:16:37 PM Subject: Mentor CLN Hi Jeffrey Our view that Meritor credit spreads would tighten has worked out well. We bought a 3yr note yielding 6.2%. Now the yield is 2.30%. We should sell it. Don't think it makes sense to hold paper paying such a low yield. Profit all in is 5175K. Let me know. Paul Paul Barrett I Managing Director I Global Investment Opportunities Group I J.P. Morgan Private Bank I 320 Park Avenue, 14"' Floor, New York, NY 10022 I T: I F: I NMIS ID# 853441 This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email. EFTA_R1_00427632 EFTA01956555