EFTA01447001

You buy call, strike 110 You sell put, strike x 100 lots on each leg Costless package Both legs knock out if WTI Jun14 setttles below S20/bbl on any day during the trade Jun14 ref 97.65 X = 86.0 WTI Jun14 You buy call, strike 105 You sell put, strike X 100 lots on each leg costless package Both legs knock out if WTI Jun14 setttles below S20/bbl on any day during the trade Jun14 ref 97.65 x = 90.25 From: Jeffrey Epstein <[email protected]> To: Tazia Smith/db/dbcom@DBAMERICAS, Date: 03/14/2014 12:29 PM Subject: Re: Zero Cost WTI Collar 101/94.25, Jun spot ref 97.60 [I] we should extend out the strikes 110 88 etc On Fri, Mar 14, 2014 at 12:11 PM, Tazia smith wrote: classification: For internal use only Jeffrey - Current indicative offer on the same June14 zero cost is 101/94.25 WTI Jun14 You buy call, strike 101 You sell put, strike x 100 lots on each leg costless package Both legs knock out if WTI Jun14 setttles below S20/bbl on any day during the trade Jun14 ref 97.60 X = 94.25 Initial Margin: 13% From: Tazia Smith/db/dbcom To: [email protected], Cc: vinit Sahni/db/dbcom@DBEMEA, Nav Gupta/db/dbcom@DBEMEA, Paul morris, [email protected], vahe Stepanian/db/dbcom@DBAmericas Date: 03/14/2014 10:07 AM CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0101474 CONFIDENTIAL SDNY_GM_00247658 EFTA01447001