EFTA00682250.pdf

From: "Barrett, Paul S" To: Jeffrey Epstein <[email protected]> CC: "Giuffrida, David J" Subject: RE: Oil and SGD Date: Tue, 08 Mar 2011 21:30:07 +0000 We sold 2.5MM of the Ford 7% 2015 at 108.50 Bought 2.5MM of the American Axel 7.875% 2017 at 104.625 Thanks Paul From: Jeffrey Epstein [milt° Sent: Tuesday, March 08, 2011 3:10 PM To: Barrett, Paul S Subject: Re: Oil and SGD ok On Tue, Mar 8, 2011 at 11:58 AM, Barrett, Paul S< > wrote: One last thing: We have 5.2MM of the Ford 7% 2015 which is currently yielding 4.75%. I think we should switch half of the position into American Axel 7.875% 2017. You pick up 200bps over F. AXL supplies parts to the major motor companies and this will diversify our exposure away from F given how much the F bonds have rallied. We also own $5MM of the Ford 2011's. Let me know Paul From: Jeffrey Epstein [mailto: Sent: Tuesday, March 08, 2011 12:04 PM To: Barrett, Paul S Subject: Re: Oil and SGD ok On Tue, Mar 8, 2011 at 8:53 AM, Barrett, Paul S wrote: Hi Jeffrey What are your thoughts on oil? We still own 50,000 of the 100 calls expiring in June and 50,000 of the 92/100 call spread. My sense is we sit tight given the risk of higher oil prices on the rest of our positions. On a separate note I think we should add another 5MM to SGD this week. I would like to get in around 1.2700. Can I take an order? Thanks EFTA00682250 Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 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 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 and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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 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 and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00682251 This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and corn leteness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at EFTA00682252