EFTA01168514.pdf

From: Tazia Smith To: [email protected] Cc: Paul Morris Subject: Re: Bather Notes [C] Date: Wed, 05 Feb 2014 19:57:42 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3) Classification: Confidential Yes, do NOT like those first two (there for evidence that 525E is not pricinggreat). If you're willing to combine a bullish US and European equity view, I DO like: 13mo Contingent Minimum Return Worst-of Note lEurostoxic50 and Russell 2000): Wof SXSE/RTY 11.5% Cont Min Return 80% Barrier Daily obs. uncapped upside 100% max loss And if you want to keep a note regionally focused, then in the US, these barrier levels look attractive: 13mo Contingent Minimum Return Worst-of Note IS&P 500 and Russell 2000): Wof SPX/RTY 8% Cont Min Return 80% Barrier Daily obs. 29.30% Capped upside 100% max loss S&P Current: 1742 80%: 1394 Russell 2000 Current: 1086 80%: 868 SX5E Current: 2962 80%: 2369 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 Email Panitn,l-o-Perform. Fran Jeffrey Epstein [email protected]> To: Tazia Smith/db/dbcom©DBAMERICAS. Paul Morrisklb/dbcom@DBAMERICAS. EFTA01168514 Date. 02/05/2014 01:57 PM Subject Re: Barrier Notes (C) streange risk reward donpt you think On Wed, Feb 5, 2014 at 12:41 PM, Tazia Smith < > wrote: Classification: Confidential Jeffrey - This is for comparative purposes, as the worst-of component (previously sent/below) improves pricing a quite a bit at present. 13mo on SXSE by itself is a non-starter! #1 - 13mo Contingent Minimum Return SXSE 4% Cont Min Return 80% Barrier Daily obs. 6% cap max loss: 100% #2 - 2yr Contingent Minimum Return SXSE 10% Cont Min Return 80% Barrier Daily obs. 17% cap max loss: 100% Indicative levels only, subject to market movement, source: DB AWM Structured Solutions, 2/5/14. From: Tazia Smith/db/dbcom To: [email protected]. Cc: Paul Morris. Vahe Stepaniarklbidbcorn@DBAmericas. Wit Sahni/db/dbcom©DBEMEA. Nav Guplaidbrdbcom@OBEMEA Date: 02/0512014 11:49 AM Subject: Barrier Notes (C) Classification: Confidential Jeffrey - US EFTA01168515 ADP report came in light this morning at +175k v 185k cons, as you saw, payrolls catalyst on Friday. For US exposure on pullback and jump-up in volatility, consider (proposed percentages = 5.0): S&P Current: 1742 80%: 1394 Russell 2000 Current: 1086 80%: 868 13mo Contingent Minimum Return Worst-of Note (S&P 500 and Russell 2000): WoF SPX/RTY 8% Cont Min Return 80% Barrier Daily obs. 29.30% Cap Indicative levels only, subject to market movement, source: DB AWM Structured Solutions, 2/5/14. Europe Note: your current Eurostoxx Contingent Note matures 8/26/14, cont min was 4%, cap was 17%, barrier was 70% (1935). A direct comp to your existing structure is currently not pricing well (10.0 on proposed sheet, 5.0 on suggested). Combining US and European views improves the terms and upside participation: SX5E Current: 2962 80%: 2369 13mo Contingent Minimum Return Worst-of Note (Eurostoxx50 and Russell 2000): WoF SX5E/RTY 11.5% Cont Min Return 80% Barrier Daily obs. uncapped Indicative levels only, subject to market movement, source: DB AWM Structured Solutions, 2/5/14. 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 Email Pagreitn,frPeeforva. EFTA01168516 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. 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