EFTA01451020.pdf

L.C. Paul Morris. Vahe Stepaniary Date' 12124/2013 10:59 AM Subloci: EURUSD Depost Plus, 4.5% annualized yield [C] Classification: Confidential Jeffrey: Monetize your bullish view on the ewe to pick is) yield with short duration via a EURUSD DepositPlus (sell USDcEURp and collect premium), if assigned. flip to EUR on deposit. spot ret: 1.36705 EURUSD Deposit Plus (USD on deposit) Tenor /month Strice: -1.3573 Yield: 4.5% annualized (paid in USD) Note the uptick to longer-dated sovereign periphery credit: ex: Portugal 3.35% 10/15/15 -2.92% Consider 55-10mm USD In Southern Financial Updated at 10:55:01 CCY pair EURUSD Deposit CCY USD Spot rate 1.36705 Zone cut NY (New York) Yield Tenoi(Expl Deoo 2.00% 250% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% 6.50% 07Jan-14 (2W) 0 1586 1 3549 1 3560 1.3570 1 3579 1 3587 1.3595 1.3602 1 3609 1 3615 1 3621 28-Jam14 (OM) 0 1729 1 3463 1.3490 1.3513 1 3535 1 3555 1.3573 1.3590 1 3606 1 3622 1.3636 Source: DB Autobahn, 12/24/13 Tazia Smith Director I Key Client Partners • US Deutsche Bank Securities Inc CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 107133 CONFIDENTIAL SDNY_GM_00253317 EFTA01451020