EFTA01344657

From: Tazia Smith Sent: 12/18/2013 3:04:17 PM To: [email protected] CC: • Paul Morris I; Vahe Stepanian Subject: BBL (just fyi post-fed) [CI Attachments: pic15670.gif; pic04291.gif; pic26430.gif Classification: Confidential Jeffrey - EM responding well to FOMC decision. USDBRL off its lows back at —2.32. Your barriers in 3-4mos are 2.2562 and 2.3040. USDBRL Intraday Price Action 12/18/13: (Embedded image moved to file: pic15670.gif) used with permission of Bloomberg Finance LP From: Tazia smith/db/dbcom To: [email protected], Cc: Date: 12/17/2013 10:11 AM Subject: BRL Notes... [C] Classification: Confidential Paul Morris, vahe stepanian/db/dbcomODBAmericas Good Morning Jeffrey - Per your request, sending full detail on your BM_ notes. European barriers of 2.2562 and 2.3040 to get your principal back in -4-5mos. Please see below/attached and call us to discuss. (1) 3/20/14 Note - marking down, -.12%. 15% european barrier (= 2.2562). Initial strike 1.9619. Current USDBRL spot —2.3267, -18%. (2) 4/14/14 Note - marking down -19%. 15% european barrier (=2.3040). Initial strike 2.0035. Current USDBRL spot —2.3267, -16%. Payout: a) make 28.5% if BM_ is up more than 3% vs. USD at maturity, b) make 5% if BRL is up between 0-3% vs USD, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) [attachment "HSBC BRL Step Up - TD April 5, 2013.pdf" deleted by Tazia smith/db/dbcom] (attachment "HSBC BRL step up - TD March 13, 2013.pdf" deleted by Tazia Smith/db/dbcom] Forwarded by Tazia smith/db/dbcom on 12/16/2013 02:14 PM CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0030364 CONFIDENTIAL SDNY_GM_00176548 EFTA01344657