EFTA01447171

From: Tazia Smi Sent: 4/15/2014 9:10:28 AM To: [email protected] CC: Joseph Cothro Nay Gupta Paul Morris Vinit Sahni Subject: Re: Jeffrey - latest prices with suggested sizes - Nay [CI Attachments: pic29231.gif; pic10282.gif; pic12540.gif; pic09771.gif; pic10202.gif; pic03719.gif; pic10501.gif; pic30955.gif; pic19022.gif; pic30035.gif; pic12137.gif classification: confidential Thanks Jeffrey, that's done at 102. sought 2mm of the NWIDE 6 7/8 CoCo at 102.0 (6.41%). Will buy the GBP to fund, do you want to work a spot level or ok at market? (currently —1.6735) (Embedded image moved to file: pic29231.gif) Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA (Embedded image moved to file: pic10282.gif) From: Tazia smith/db/dbcom To: [email protected], Nav Gupta/db/dbcom@DBEMEA, Cc: Joseph Cothron/db/dbcom@DBAMERICAS, Paul Morris/db/dbcom@DBAMERICAS, Vi nit Sahni/db/dbcom@DBEMEA Date: 04/15/2014 09:05 AM Subject: Re: Jeffrey - latest prices with suggested sizes - Nay [C] Classification: Confidential Jeffrey - Current offer (checked DB and away) on 2mm GBP of the Nationwide CoCo is 6.386% (102.125). I think we can get them down to the 102 level which is the 6.40% yield. Spoke with Nav, believe first leg in at 6.40% works. Do you agree, okay to bid there? will call you to confirm as well (Embedded image moved to file: pic12540.gif) Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 10154-0004 New York, NY, USA CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0101719 CONFIDENTIAL SDNY_GM_00247903 EFTA01447171