EFTA01452457

Subject: Re: Barrier Notes [C] streange risk reward donpt you think On wed, Feb 5, 2014 at 12:41 PM, Tazia Smith < > wrote: classification: confidential Jeffrey - This is for comparative purposes, as the worst-of component (previously sent/below) improves pricing a quite a bit at present. 13mo on SXSE by itself is a non-starter! *1 - 13mo Contingent Minimum Return SXSE 4% cont min Return 80% Barrier Daily obs. 6% cap max loss: 100% *2 - 2yr Contingent Minimum Return SXSE 10% Cont Min Return 80% Barrier Daily obs. 17% cap max loss: 100% Indicative levels only, subject to market movement, source: DB AWM Structured Solutions, 2/5/14. From Tazia Smith/db/M To: [email protected], CC: Paul morris vahe stepanian / , vinit sahni/db/ Nov Gupta/db Date 02/05/2014 11:49 AM Subj Barrier Notes [C] ect: Classification: Confidential Jeffrey - US ADP report came in light this morning at +175k v 185k cons, as you saw, payrolls catalyst on Friday. For US exposure on pullback and jump-up in volatility, consider (proposed percentages = 5.0): CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 109480 SDNY_GM_00255664 EFTA01452457