EFTA01454575

0.40 0 0.50 0.23 0.60 0.97 0.70 1.71 0.80 2.46 0.90 3.20 For the warrant to lose say 80% of its value, the stock would need to trade down to 0.45 or 0.50 from 0.69 currently. In fact a year ago the stock was trading at 0.5 (athough the warrant was trading 1.00 then) so i would size conservatively. Nay (Embedded image moved to file: pic26308.gif) Nay Gupta Managing Director Deutsche Bank AG, Filiale London Deutsche Asset & wealth Management 105/108 old Broad St (Pinners Hall), EC2N lEN London, united Kingdom Tel. Mobil Email 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 ("DS"). 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: pic22978.gif) From: "Jeffrey E." <[email protected]> To: Date: 26/06/2014 20:10 Subject: Re: Jeffrey - I like Alpha Bank (Greece) listed call warrants (ticker ALPHAW GA) to play the Greek story from here size? On Thu, Jun 26, 2014 at 2:34 PM. Nav Gupta <[email protected]> wrote: Jeffrey I like the Greek recovery story, i like Alpha Bank among the banks there and I think the 3.Syr call warrants issued a year ago which have very little time value priced in and priced close to intrinsic, are the best way to buy the stock and the broader story. Background CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 112758 CONFIDENTIAL SDNY_GM_00258942 EFTA01454575