EFTA01462253.pdf

Chart showin • NKY histor with strike of 90% put hi.hli.hted NKY Index 99 Save As 96I knons • 971 Edit - 910 Table Line Chart 09 25 2014 Last Price UTE n iril .. iTpai ill i , 'MEM 10 3D 111 611 YTD 13 SY Ilax Daily • u le: Security/study Esnt 41- Track z Annotate - News , Zoom edit] 16000 15500 15000 14763.47 14500 14000 13500 13000 • Last Price 16374.14 T High on 09/25/14 16374.14 -- Average 14715.89 12500 Low on 06/13/13 12445.38 Sep , Jun Sep Dec I Mar I Jun 2013 2014 Source: Bloomberg 25-Sep-2014 Past performance is not a reliable indicator of future results. The trading and investment ideas discussed herein are general and do not take into account a client's particular circumstances (including his or her tax situation). ffivestment guidefines, investment goals, restrictions or needs. This is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of tams. It is based on information from sources believed to be reliable. No representation is made that it is accurate or complete or that any returns indicated will be achieved. Changes to assumptions may have a material impact on any returns detailed. Price and availability are subject to change without notice. The investment ideas presented herein are subject to investment risk, including possiole loss of principal. The past performance of securities or other instruments does not necessarily indicate or predict future performance and the value of investments and income arising there from can decrease as well as increase, the investor may get back less than was invested and no assurance can be given that any trade idea or investment described herein %timid yield favorable investment results. This material contains references to various over-the-counter (OTC) opens. Any offer of an OTC option eventually made may contain terms which are substantially different. and must be read in conjunction with the ISDA Master Agreement and ISDA Credit Support Annex. Full details of the terms and conditions. including risk factors and tax treatment, associated with this Instrument are described In the ISDA documents. which should be read carefully before investing. Opinions and estimates may change without notice. and involve a number of assumptions which may not prove valid. This material does not purpose to summarize all of the conditions. covenants. representations. warranties. and other provisions of these instruments. Derivatives are financial transactions based upon one or more predetermined market factors where periodic payments (or a one-time lump-sum payment) are made by each of the parties to the transaction based upon the value of the market factor or factors. The amount of the payment(s) will either be set at a rued amount or fluctuate as the value of the underlying market factor fluctuates. The undertying market factors are items or variables which are subject to market fluctuations: for example, interest rates, currency exchange rates, assets, stock prices, stock index levels, commodities or a combination of one or more of these factors. Denvatives are normally used either as a hedging device or as an investment vehicle. Over the counter (OTC) derivatrve transactions irrvotve numerous risks including, among others, market, counterparty default and ifficrtidity risk In certain transactions, you could lose your entire investment or incur unlimited loss. OTC options are issued by a counterparty, may not be traded in the secondary market and may not be standardized in their terms. Over-the-counter ("OTC') options transactions involve numerous risks including. among others. market. counterparty default and illiquidity risk. In certain transactions, you could lose your entire investment or incur unlimited loss. You should understand the counterparty and credit risk, liquidity. marketability. settlement styles and pricing of any OTC option before transacting are you should discuss with your professional tax. legal. accounting and other advisor(s) as you deem appropriate. how a transaction may affect you. In any discussion of a proposed transaction we viould act at arm's length and not in any advisory or fiduciary capacity. We or our affiliates may make a market in. trade instruments economically related to, or have an investment banking or other relationship with the issuer of a security underlying an OTC derivative you enter into. These instruments are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other V.S. Interest rate swaps expose investors to interest rate, credit, counterparty default, and liquidity risks. In certain transactions, you can lose your entire investment or incur an unlimited loss. Any decision to enter into a swaps should only be made after reviewing the final swap confirmation and conducting an investigation in order to independently determine the suitability and consequence of participating in the swap. Any offering all be made only by means of offering documentation. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0124716 CONFIDENTIAL SONY GM_00270900 EFTA01462253