EFTA01452905

(Embedded image moved to file: pic27285.gif) Nam Gupta Managing Director Deutsche Bank AG, Filiale London 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 AG and / or its affiliates ("OS"). 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: pic10988.gif) Forwarded by Tazia Smith/db/dbcom on 03/07/2014 01:18 PM From: Jeffrey Epstein <[email protected] To: Tazia Smith/ Date: 01/17/2014 11:15 AM Subject: Re: Trade Idea: Long 3-Month USDCAD KI Call Spread - 1.10 with a 1.13 sold call knocking-in only if USDCAD trades to 1.17 [I] i like it .. size ? On Fri, Jan 17, 2014 at 11:48 AM, Tazia Smith <[email protected]> wrote: classification: For internal use only Jeffrey - Our US FX traders agree/like Nav's call here. The 3-month 1.10/1.13 USDCAD, 1.17 knock-in call spread (where that 1.13 short call only exists if USDCAD goes to 1.17 during the life of the trade) described below is currently offered —1.1% (Source: DB FX sales, 1/17/14). Please see the investment thesis below and let us know your thoughts. Best, Tazia Indicative levels only. subject to market movement. Source: DB Key Client Partners London, as of 1/17/14. Forwarded by Tazia Smith on 01/17/2014 10:35 AM From: Nav Gupta To: Date: 01/17/2014 07:35 AM CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110220 CONFIDENTIAL SDNY_GM_00256404 EFTA01452905