EFTA01420935

Subject: RE: Pricing on Knock In Puts From: Martin Zeman Date: Fri, 15 Feb 2 1/1111111.11= To: Richard Kahn < > Cc: Davide-A Sferrazza Liam Osullivan Stewart Oldfield Hi Richard, I checked with the desk and we don't quote barrier options with less than 30 day maturities. But we're good to trade vanilla options. We'd prefer to transact listed options and the two best options are either directly on SPX or we could also do those on SPY etf. Based on the distance from current levels you were looking at, and assuming last night's closing level on the SPX at 2745.73 — we would have the following strikes: SPX 2710 Puts — indicative offer is 12.90 per contract SPX 2690 Puts — indicative offer is 9.40 per contract SPX 2680 Puts — indicative offer is 8.00 per contract All of these are 28 Feb 2019 expiration. Let me know if you'd like to look at any other variations. Best, Martin {cid:[email protected]} Martin Zeman Director I Institutional Wealth Partners Deutsche Bank Wealth Management EFTA01420935 345 Park Avenue, New York, 10154 IWP products and services are intended for and available only to sophisticated, experienced investors who qualify as "institutional accounts" under FINRA Rule 4512(c)(3), and are capable of evaluating the investment benefits and risks of, and exercising independent judgment in evaluating and determining whether to enter into, sophisticated trading strategies and financial transactions. Transactions are subject to relevant internal approvals of Deutsche Bank or its affiliates prior to execution, and no transaction, idea or opportunity discussed herein may be executed unless you are a client of Deutsche Bank and of the Institutional Wealth Partners group (IWP). Material herein regarding IWP products, investment ideas and solutions is for discussion purposes only. While brokerage services offered through the IWP Americas desk may include investment recommendations and brokerage advice, IWP does not provide investment management or investment advisory services, and private market opportunities and other products and services available through IWP are offered only on a non-advisory basis. This communication is confidential and personal to you, solely for your information and for discussion purposes only, and does not create any legally binding obligation. Reproduction or distribution of any material herein without our written consent is strictly forbidden. From: Richard Kahn [mailto: Sent: Thursday, Februar 14, 2019 8:53 PM To: Martin Zeman Subject: Pricing on Knock In Puts can you please an email with pricing tomorrow thank you EFTA01420936 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor New York, NY 10022 EFTA01420937