EFTA01467865

Subject: Re: Trade Re ort 3/13/14 - WTI Zero Cost Risk Reversal [C] From: Chip Packard > Date: . Thu, 13 Mar 2 • • - . To: Paul Morris Classification: Confidential In Peru, if this is real-time and I can influence the outcome, please call my cell tomorrow. If not, let's speak Monday. Either way, would like to know what is going on. Chip Packard Managing Director Co-Head, Wealth Management Americas Deutsche Asset and Wealth Management Securities offered through Deutsche Bank Securities Inc. Original Message From: Paul Morris Sent: 03/13/2014 08:35 PM EDT To: Chip Packard Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential Chip, need to talk tomorrow about how we are covering clients from capital markets, likely big negative impact on leon black that we were expecting to close next few days. Original Message From: Tazia Smith Sent: 03/13/2014 07:34 PM EDT To: Paul Morris/db/dbcom@DBAMERICAS@DBAMERICAS@DBCOEX Subject: Re: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential Just off from call with Caroline. Changes in desk structure escalated and I'm getting on a train tonight. Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management •or E -max : Original Message From: Paul Morris EFTA01467865 Sent: 03/13/2014 06:53 PM EDT To: Vinit Sahni; Nam Gupta; Tazia Smith Subject: Fw: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential He mentioned this trade in our mtg yesterday, next time we need to show him the trades faster, if any uncertainty just call him, he's not happy Original Message From: Tazia Smith Sent: 03/13/2014 06:01 PM EDT To: "Jeffrey epstein" <[email protected]> Cc: Paul Morris; Vinit Sahni; Nam Gupta; Vahe Stepanian; "Jean Anne Wiebracht (Jeanie)" 11§§§§§§§§§§§§§1.-; "Rich Kahn" Subject: Trade Report 3/13/14 - WTI Zero Cost Risk Reversal [C] Classification: Confidential Jeffrey - As discussed, today you executed the following: Underlying: Jun14 WTI Bloomberg code: CLM4 <comdty> RMS Counterparty code: SOFL SOFL buys $101 call SOFL sells $93.5 put Premium: Zero Notional: 100,000 bbls on each leg Both legs knock out if on any day CLM4 fixes below $20/bbl. Initial Margin = 13% Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management Floor -max : EFTA01467866