EFTA01467131.pdf

Subject: Fw: percentages get a read from your team [C] From: Tazia Smith a> Date: Tue, 18 Feb 2014 12:49:55 -0500 To: [email protected] Cc: Paul Morris 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 $36.15, XLK Jan15 36 risk reversal, collect —$0.40 net premium and create a synthetic long for $35.60 (giving up dividends, of course) Have details of tech and energy baskets we can review (single names and options) Best, Tazia (Embedded image moved to file: pic11362.gif) Forwarded by Tazia Smitten 02/14/2014 12:09 PM From: Tazia Smith/db/- dbcom EFTA01467131  To: Jeffrey Epstein <[email protected]>@DEUBAINT, Cc: Paul Morris Date: 02/14/2014 10:45 AM Subject: Re: Fwd: percentages get a read from your team [C] 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 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. EFTA01467132 Thanks! Tazia TOPIX lyr Price History (Embedded image moved to file: pic01914.gif) DXJ lyr Price History (Embedded image moved to file: pic03756.gif) (Embedded image moved to file: pic10772.gif) Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax Mobile Email (Embedded image moved to file: pic05526.gif) From: Jeffrey Epstein <[email protected]> To: Tazia Smith/db/- Date: 02/14/2014 10:20 AM Subject: Fwd: percentages get a read from your team [C] EFTA01467133  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]> 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 F rom: Tazia Smith Date: Tue, Feb 4, 2014 at 3:25 PM Subject: Re: percentages get a read from your team [C] To: [email protected] Cc: Paul Morris , Vinit Sahni , Nay Gupta , Vahe Stepanian Classification: Confidential EFTA01467134  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 IO mortgages with rates where they are. (Embedded image moved to file: pic26576.gif) - Not a typo on Proposed total of 105; original just didn't include the single names in Japan (Embedded image moved to file: pic02321.gif) (Embedded image moved to file: pic06893.gif) Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax Mobile Email (Embedded image moved to file: pic03118.gif) From: Jeffrey Epstein EFTA01467135 <[email protected]> To: Tazia Smith/db/ , Paul Morris/db/- Date: 02/02/2014 08:59 PM Subject: percentages get a read from your team Inline image 1 *********************************************************** 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. EFTA01467136 - _ *********************************************************** 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, including all attachments. copyright -all rights reserved EFTA01467137 *********************************************************** 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 EFTA01467138