EFTA01344636

— Forwarded by Tazia Smitheb/dbcom on 12/16/2013 02:14 PM --- From: Tazia Snuthetabbcom To: Cc: Vahe Stepaniarildb/dbcomeDBAmericas Data 11/12/201302.55 PM Subject: BRL Notes maiking dental >20% ICI Classification: Confidential Jeffrey - You're long 1mm USD each of BRL step up notes in Southern Trust from JP. The notes have a 15% barrier and BRL is presently down —17% vs. USD from your initial strike. The notes are marking down more than 20%. Barrier is European. Final valuation date on the notes are 3/20/14 and 4/14/14. Posting you and would like to get your view given the move and mark-to-market (vs. your -10% rule). Speak with you soon, Tazia 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 Mobi Ema I I 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 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0030320 CONFIDENTIAL SDNY_GM_00176504 EFTA01344636