EFTA01462166.pdf

From: Tazia Smith[tom Sent: To: CC: Paul Morris-.]; Vahe Stepanian[ Subject: FX Indicative Level - USDJPY triple no touch (expires 11/20/14) (CI Attachments: pic27293.gif; pic14658.gif Classification: Confidential Rich - Indicative level on the JP'? triple-no touch client receives net premium of $41,503 (+S41,503 p/1). Detail below. DB Research's view is that if the cross can break through 105, it will break out to 110 (see commentary below). Note: 2 day BO) meeting starts tomorrow. Reminder: as you know, this is a small notional trade on a relative basis vs. )E's other positions. Best Regards, Tazia Indicative levels, subject to market movement. Source: DB FX Pricer, 9/2/14. USDJPY Spot Ref: 104.93 <client> sells European USD Call on USD/JPY Strike: 101 Notional: USD 1,000,000 Expiry: Thu 20-Nov-2014 Settlement: Tue 25-Nov-2014 ZoneCut: NY Premium: USD -39,150 Premium Date: Thu 04-Sep-2014 Leg 2: One Touch <Client> sells One Touch on USD/JPY payout Barrier: 99 Payout: USD 16,500 Payout Ccy: <PayCurrency> Postpone Rebate: <PostponeRebate Y/N> Expiry: Thu 20-Nov-2014 Settlement: Tue 25-Nov-2014 ZoneCut: NY Premium: USD -1,266.38 Premium Date: Thu 04-Sep-2014 Leg 3: One Touch <Client> sells One Touch on USD/JPY payout Barrier: 98 Payout: USD 15,000 Payout Ccy: <PayCurrency> Postpone Rebate: <PostponeRebate Y/N> Expiry: Thu 20-Nov-2014 Settlement: Tue 25-Nov-2014 ZoneCut: NY Premium: USD -707.85 Premium Date: Thu 04-Sep-2014 Leg 4: One Touch <client> sells One Touch on USD/JPY payout Barrier: 97 Payout: USD 13,300 Payout Ccy: <PayCurrency> Postpone Rebate: <PostponeRebate Y/N> Expiry: Thu 20-Nov-2014 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0124575 CONFIDENTIAL SDNY_GM_00270759 EFTA01462166