EFTA02425614.pdf

To: Jeeyacation[[email protected]] From: Jeffrey M Matusow Sent: Fri 4/23/2010 2:11:45 PM Subject: GS Total Retrun Swap Jeffrey, We did 50,000 shares at $160.421. The stock traded up to $160.72 after the open and is trading at $159.60 Ticker: GS Shares: 50,000 Floating payer: Counterparty Floating rate: 3mL + 45bps Execution in & out: $0.03 / share Equity payer: JPMorgan Equity payment: 1 year following trade date (at maturity) Dividends: JPMorgan pays on dividend pay date Break fee: 10bps in first 6 months You can sell calls. If we do over the counter options they will be treated like 'covered calls', i.e. no collateral requirement. Listed options be require additional collateral because they are American style. Call me when you are free. Jeff Jeffrey M. Matusow JPMorgan Private Bank 140 West 57th Street, 33rd Floor, New York. NY 10019 EFTA_R1_01494013 EFTA02425614 Work: IRS Circular 230 Disclosure. JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly. any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used. and cannot be used, in connection with the promotion. marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. EFTA_R1_01494014 EFTA02425615