EFTA01446714

Vinit Sahni Managing Director I Global Head - Professional Client Group & Key Client Partners Capital Markets Group Deutsche Asset & Wealth Management 105/108 Old Broad St (Pinners Hall), Kingdom Any proposed ideas are being delivered to you by the DeAWM Key Client Partners ("KCP") London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, characteristics and risks associated with any ideas proposed herein and will be able to evaluate it independently. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. (Embedded image moved to file: pic01038.gif) From: Jeffrey Epstein <jeevacationOgmail.com> To: Vinit Sahni/db/dbcom@DBEMEA, Date: 14/01/2014 10:55 Subject: Re: Jeffrey - Mexico -> MBONO 30y look interesting [C] usd 3m bonds On Tue, Jan 14, 2014 at 6:41 AM, Vinit Sahni <[email protected]> wrote: Classification: confidential Jeffrey - sorry, to clarify is it 3m USD worth of MXN bonds or 3m MXN, as its a local currency bond. As soon as NV gets in will get a price on the MBONO 7.75% 11/13/2042 and ping u as and when our view on rates or the currency changes will keep u updated, as here u have risk on both components unlike the PDVSA where the bond was denominated in USDs. Best Vinit (Embedded image moved to file: pic14209.gif) Vinit Sahni Managing Director I Global Head - Professional client Group & Key Client Partners capital markets Group Deutsche Asset & wealth Management 105/108 old Broad St (Pinners Hall), EC2N lEN London, United Kingdom Any proposed ideas are being delivered to you by the DeAWM Key Client Partners ("KCP") London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0101053 CONFIDENTIAL SDNY_GM_00247237 EFTA01446714