EFTA01768428.pdf

From: jeffrey epstein <[email protected]> Sent: Tuesday, October 9, 2012 5:25 PM To: Barrett, Paul S Subject: Re: Venezuela There are two 2017 Sent from my iPad On Oct 9, 2012, at 4:34 PM, "Barrett, Paul S" wrote: Hi Jeffrey Given that we expected a Chavez win, I am a little surprised that the bonds are trading down 3 points (around 4%). There has been some noise out of Argentina where a local province repaid a coupon on a bond in ARS when it should be in USD. So this is putting pressure on the region. I think this is an interesting level to buy the PDVSA 2017 bond. Currently yielding 12.20%. Passive play on oil. Would do $1.5MM. Let me know Paul Paul Barrett, CFA EFTA_R1_00078302 EFTA01768428  Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 NMLS ID# 853441 This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email. 2 EFTA_R1_00078303 EFTA01768429