EFTA01447011

Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New Tel: Mobi Fax: E-ma From: Tazia Smith Sent: 03/13/2014 10:32 AM EDT To: "jeffrey epstein" <jeevacationOgmail.com> Subject: Re: [c] Classification: Confidential Ok on it Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New Y Tel: Mobil Fax: E-mai From: Jeffrey Epstein [jeevacationegmail.com] Sent: 03/13/2014 10:15 AM AST To: Tazia Smith subject: Re: [c] do nav trade On Thu, Mar 13, 2014 at 9:24 AM, Tazia Smith <tazia.smithOdb.comu. wrote: Classification: Confidential Jeffrey - Consider the USDRUB 1-mo binary for -25.5% (very sensitive to spot, so indicative level, we'd work an order 26% or better). vanilla calls for comparison, lmth 3% OTM vanilla call is —0.57%/0.67% (12.4% / 13.25% vol) CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0101489 CONFIDENTIAL SDNY_GM_00247673 EFTA01447011