EFTA01461254

To: vahe Stepanian/ Date: 01/10/2014 05:17 PM Subject: Re: Trade Report - 1/10/2014 [C] Classification: Confidential i think he wanted to see chart on the venezuelan investment Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York NY 10154 office: cell: From: vahe stepanian/db/dbcom To: [email protected], Cc: -• Paul Morris/db/dbcom@D8AMERICAS, Date: 01/10/2014 05:14 PM Subject: Trade Report - 1/10/2014 [C] Classification: Confidential Jeffrey, Thank you again for your time this morning. We look forward to hearing your thoughts about the existing positions and following up next week with additional trade ideas. Per our conversation, today you executed the following: S 1.4mm GE 5.25% fixed-float at 94 1/16 S 750k JPM 6% fixed to float at 96 5/8 S 20k Bombardier at 4.0828 USD Redeemed —$2.2mm of JP Morgan value Advantage Mutual fund (JVAIX) - will follow up with final NAV on Monday Have a great weekend. Thank you, vahe (Embedded image moved to file: pic20748.gif) vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York. NY 10154-0004 Tel. Fax CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123183 CONFIDENTIAL SDNY_GM_00269367 EFTA01461254