EFTA01177931.pdf

From: Tazia Smith a> To: jeevacationggmail.com Cc: Paul Morris a, Subject: Fw: percentages get a read from your team [C] Date: Tue, 18 Feb 2014 17:49:55 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3); unnamed(4); unnamed(5); unnamed(6); unnamed(7); unnamed(8); unnamed(9) Classification: Confidential Jeffrey- Would love to run through details of implementation. Could you give me a call when you have a moment? Or if you're back in NY I can run up and go through it in person. Market rally last week (and Japan overnight. +3%) makes for a less opportune entry points on some of your asset classes. Healthcare's on a tear: you may have seen. Actavis. which is in the Healthcare basket we're looking to buy. is up -8% after announcing a bid for Forrest Labs. Tech and Energy look attractive for entry. Ex: XLK currently 536.15. XLK Jan15 36 risk reversal, collect -50.40 net premium and create a synthetic long for 535.60 (giving up dividends, of course) Have details of tech and energy baskets we can review (single names and options) Best. Tazia EFTA01177931  Proposed Susses( US Healthcare 15 15 Energy Renaissance 15 15 Financials 22 12 -10 r Tech 0 5 +5 S&P Barrier Note 0 5 +5 52 52 Europe Single Stocks 10 5 -5 European Credit 0 10 +10 Eurostoxs Barrier Note 10 5 -5 20 20 Japan Single Stocks 5 5 Topix Swap (or Delta 1: 7 7 Short Yen (premium) 13 5 -8 25 17 4 EX -Tactical (premiuml 0 10 +10 Alternatives 8 1 -7 105 1O0 -- Forwarded by Tazia Smithtdb/dbcom on 02/14/2014 12:09 PM -- From: Tazia Smith/db/dbcom To: Jeffrey Epstein leevacation©gmail.com>©DEUBAINT. Cc: Paul Morris Dale: 02/14/2014 10:45AM Subject: Re: Fwd: percentages get a read from your team IC] Classification: Confidential Understood Jeffrey. Implementation: Today/Mon (and Tuesday in US due to holiday Mon) start with 1/4 positions (within that 50mm allocation) across the direct equities (healthcare, energy, financials, tech, Japan, Europe) Topix TRS - add $3.5mm usd notional via swap and indirect hedge = gives you capital efficient leverage (financing 3mL+70bps, —20% initial collateral). OR buy another $1mm of your DXJ (that position can represent your delta one allocation). Topix and DXJ charts below for your convenience. Today or Tuesday: Barrier notes - if we can achieve comparable terms (vol has come in) on that eurostoxx50/russell 2k (13mo, worst of >10% contingent minimum return, uncapped upside, 80% barrier) = consider 2.5mm (leaves 2.5mm to put to EFTA01177932 work in similar return profiles in europe and US) FX = opportunistic Let me know if this is implementation strategy works, or how you'd prefer. Thanks! Tazia TOPIX lyr Price History TPXDDVD I 1.587 Al -21.35 At 18:59 C -- I- -- L -- Prey 1608.76 TPXDDVD Index Save — A-- s iM 42iror 5% Table Line Chart 02/1112013 0211112011 last Price Marl ni Canon my s.:: Min ‘elrle Mall 1D 3D 11.1 61.1 YTD lY SY Max Daily • • 0: Security/Study "I Event 0 + Track z Annotate A News O Zoom 12 1700 1587.41 1500 1400 J• Last Price 1587.41 High on 01/08/14 1751A7 • 1300 -0- Average 1548.28 1 Low on 02/15/13 1239.58 .r- 1200 Mar Jun Sep Dec 2013 2014 DXJ lyr Price History EFTA01177933 IDX3 US $ 1 46.79 -.43 re - / P46.78 /46.79Z 9x45 al At 10:38 Vol 1,068 304 C 46.54P I- 46.8449D L 46.40P Val 49.778M Er 99 Save es 98 Actions Table Line N'tt '2,:z _art ' , Ice M MENAI 1M Oxn6sre Mal 2. ; Min a% -le DEEM I 1D 3D 1M 6M 'RD re SY Max Daily Y I. 4": Secunty/Study I Event O + TraCk Z Annotate 'M News O. Zoom 52.00 0-50.00 0-48.00 ................. 46.79 m-rv.vv • Last Price 46.79 0-44.00 1 T High on 05/21/13.52.91 -0- Average 46.9068 1 Low on 02/25/13 39.60 0-42.00 0-40.00 is %loth* 1.068 1 20M L• SMAVQ (15) 8. aic larasikaaii 1.068M Mar Jun Dec 2013 2014 Tazia Smith Director 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 +1 917 327.4107 Email Panitnt-ftr Perfermt. From: Jeffrey Epstein [email protected]> To: Tazia Smithfclbidbcom©DBAMERICAS, Dale: 02/14/2014 10:20 AM Subject: Fwd: percentages get a read from your team [C] Forwarded message --- From: Jeffrey Epstein <[email protected]> Date: Fri, Feb 14, 2014 at 4:13 PM Subject: Re: percentages get a read from your team [C] To: Jeffrey Epstein <[email protected]> EFTA01177934 I agree with your changes lets look at 50 million dollars to start On Fri, Feb 14, 2014 at 1:26 AM, Jeffrey Epstein <[email protected]> wrote: Forwarded message --- From: Jeffrey Epstein <[email protected]> Date: Fri, Feb 7, 2014 at 6:04 PM Subject: Fwd: percentages get a read from your team [C] To: Jeffrey Epstein <[email protected]> Forwarded message --- From: Jeffrey Epstein <[email protected]> Date: Wed, Feb 5, 2014 at 4:38 PM Subject: Fwd: percentages get a read from your team [C] To: Jeffrey Epstein <[email protected]> Forwarded message From: Tazia Smith •cl Date: Tue, Feb 4, 2014 at 3:25 PM Subject: Re: percentages get a read from your team [C] To: jeevacation@ ail.com Cc: Paul Morris , Vinit Sahni k Nay Gupta ..tj >, Vahe Stepanian Classification: Confidential Jeffrey - Summary below takes into account the DB team's feedback. We agree with overall themes. Commentary here, further implementation detail below and to follow: - Specific recommendations for modifications to the thematic baskets (Please see Healthcare detailed below -back with specifics on each level) - Propose allocation to US Tech equity (cognizant though that you have private equity investments) - Propose additional opportunistic FX exposure (trades like your short CAD) - Energy renaissance will include trades on crude, in addition to equities that are beneficiaries of secular shift in underlying energy supply, and supply chains (not just the nat gas theme in the US, but also companies like Hannon Armstrong (HASI) that finance energy efficiency) - We are reviewing PO v 1O mortgages with rates where they are. EFTA01177935  Proposed Suzoest US Healthcare 15 15 Energy Renaissance 15 15 Financials 22 12 Tech 0 5 -5 S&P Barrier Note 0 5 +5 52 52 Europe Single Stocks 10 5 -5 European Credit 0 10 +10 Eurostaa Barrier Note 10 5 -5 20 20 Japan Single Stocks TopixSwap (or Delta 1) 7 7 Short Yen (premium) 13 5 -8 25 17 -8 PC -Tactical (premium) 0 10• +10 V Alternatives 8 1 -7 105 100 - Not a typo on Proposed total of 105: original just didn't include the single names in Japan US Propsed Updated Current Total A Healthcare i ! Equity Bristol Myers S 2.50 2.00 S 2.00 Pfizer S 2.50 $ 2.00 S 2.00 Merck S 2.50 $ 2.00 S 2.00 Va lea nt S 1.50 $ 1.00 S 1.00 Actavis S 1.50 $ 1.00 S 1.00 Gilead S 1.50 $ 1.50 S 1.50 Mylan S 1.00 $ 1.00 S 1.00 Endo Health S 1.00 $ 1.00 S 1.00 HCA S 0.50 $ 1.00 S 1.00 Rite Aid S 0.50 0.50 S 0.50 Foundation Medical $ 0.70 S 0.70 Ariad $ 0.10 S 0.10 Sangamo Biosciences $ 1.00 S 1.00 Biogen $ 0.50 $ 0.60 S 1.10 Agerion $ 0.50 $ 0.50 CVS $ 1.00 $ 1.00 Sub Total $ 15.00 15.00 $ 2.40 $ 17.40 EFTA01177936 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 +1 (917) 327-4107 Email Para-io-i,:l-rf Pei-farm- From: Jeffrey Epstein [email protected]> To: Tazia Smith/db/dbcom@DBAMERICAS. Paul Mordstdb/dbcom@DBAMERICAS. Date: 02/02/2014 08:59 PM Subject: percentages get a read from your team EFTA01177937  Equity Bristol Myers S 2.50 Pfizer S 2.50 Merck S 2.50 Valeant S 1.50 Acitayis S 1.50 Gilead S 1.50 Mylan S 1.00 Endo Health S 1.00 HCA S 0.50 Rite Aid S 0.50 Sub Total 15.00 Energy Equity Energy Renaisance Theme S 15.00 Sub Total Financials Equity Bank of America S 3.00 Fixed-to-Float Preferreds' (CIDI Eligible) JPM 6.75%. BBB. callable 2024 S 3.00 Citi - K 6.875% BB+, callable 2023 S 3.00 Morgan Stanley - F 6.875%, BB+. callable 2024 S 2.00 Ally - B 6.50%. B, callable 2016 S 1.00 Sub Total $ 9.00 Fixed Income Agency Interest Only Mortgages 5% Coupon S 5.00 Agency Interest Only Mortgages 4.5% Coupon S 5.00 Sub Total $ 10.00 Total $ 52.00 Europe Equity Recovery Consumer Carrefour S 1.50 Financial Intesa Sanoaolo S 1.50 Auto Volkswagen S 1.50 Advertising JC Decaux S 1.50 Staffing Adecco S 1.50 Insurance Grupo Catalana S 0.50 Healthcare Roche Holdings S 1.00 Energy Total S 1.00 Sub Total S 10.00 Eurostoxx Barrier Note S 10.00 Total $ 20.00 Japan Equity Financials Sumitomo S 0.50 Insurance Mitsui Fudosan S 0.50 Daiichi Life S 0.50 Consumer Seven and I S 0.50 Unicharm S 0.50 Exporters Sumitomo Electric S 0.50 Toyota S 0.50 Japan Tobacco S 0.50 Hitachi S 0.50 Advertising Dentsu S 0.50 Sub Total S 5.00 TOPIX Deta One Note S 7.00 Foreign Exchange Long USD / Short Yen ($5 hedge. S8 spec) S 13.00 Total S 20.00 Alternatives Credit Watford Re: S 8.00 Total 8.00 EFTA01177938 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 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 ******* *********************** ***************************** 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 EFTA01177939 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 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 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 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, EFTA01177940 including all attachments. copyright -all rights reserved 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. EFTA01177941