EFTA01453759

From: Tazia Smith Sent: 4/15/2014 9:10:28 AM To: [email protected] CC: Joseph Cothron ; Nay Gupta mj; Paul Morris Vinit Sahni Subject: Re: Jeffrey • latest prices with suggested sizes - Nay [C] Attachments: pic13973.gif; pic17981.gif; pic11503.gif; pic26569.gif; pic06816.gif; pic01883.gif; pic25367.gif; pic05385.gif; pic28402.gif; pic05230.gif; pic17157.gif classification: confidential Thanks Jeffrey, that's done at 102. Bought 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: pic13973.gif) Tazia Smith Director I Key Client Partners - us DB Securities Inc Deutsche Asset & wealth Management (Embedded image moved to file: pi c17981 gi f) From: Tazia smith/db/dbcom To: [email protected], Nav Gupta/db/dbconeDBEmEA, Cc: Joseph Cothron/db/dbcom@DBAMERICAS, Paul Morris/db/dbcom@DBAMERICAS, vinit sahni/db/dbcom@DBEmEA Date: 04/15/2014 09:05 AM subject: Re: Jeffrey - latest prices with suggested sizes - Nav [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: pic11503.gif) Tazia Smith Director I Key Client Partners - uS DB Securities Inc CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 111566 CONFIDENTIAL SDNY_GM_00257750 EFTA01453759