EFTA01453768

From: Tazia Smith Sent: 4/15/2014 9:10:28 AM To: [email protected] CC: Joseph Cothron Nay Gupta Paul Morn Vinit Sahn Subject: Re: Jeffrey - latest prices with suggested sizes - Nay C 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) Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management P Ay 1 1 - New York. NY. USA Paregin,1 o- Peefornic From Tazia Smith/cgs/di:corn To jeevacation@gmailcom. Nav Gupta, CC Joseph Cothron . Paul Morris li Vinit Sahnits Date. 04/15/2014 09.05 AM Subject: Re: Jeffrey - latest prices xith suggested sizes - Nay (CI 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 Tazia Smith Director I Key Client Partners - US DB Securities Inc CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 111582 CONFIDENTIAL SDNY_GM_00257766 EFTA01453768