EFTA01458847

From: Paul Morris Sent: 11/19/2015 4:44:03 PM To: jeffrey E. ([email protected]) Subject: FW: (No Subject) [C] Classification: Confidential Didn't see this prior to going out Paul Morris Managing Director Deutsche Bank Private Bank From: Vahe Stepanian Sent: Thursday, November 19, 2015 10:57 AM To: Jeffrey Epstein Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Subject: RE: (No Subject) [C] Classification: Confidential Jeffrey — I'm following up with indicative pricing on the one touch, digital put options on the SPX index. To be clear, the options below are continuous observation — therefore, if at any point between inception and maturity the underlying touches the relevant strike, you will receive 100% payout. Pricing is good for $5mm payout. SPX Index Ref: 2081 1m Tenor 90% Strike 95% Strike 3m Tenor 90% Strike 95% Strike Thank you, Vahe Offer = 12% Offer = 33% Offer = 31% Offer = 55% From: Vahe Stepanian Sent: Thursday, November 19, 2015 8:44 AM To: Jeffrey Epstein Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Subject: RE: (No Subject) [C] Classification: Confidential Jeffrey — we will be back to you on the one•touch options after the open. With that said, please see below listed indications as of yesterday's close on listed SPX index options. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 118954 CONFIDENTIAL SDNY_GM_00265138 EFTA01458847