EFTA01742977

From: Barrett, Paul S Sent: Monday, May 9, 2016 7:13 PM To: Jeffrey Epstein ([email protected]) Subject: FW: Pfd idea CUSIP: 381427AA1</=:p> <=pan style="font-size:8.Opt;font-family:"Verdana","sans- ser=f";color:#5F5F5F"> aspa n> <=pan style="font-size:8.0pt;font-family:"Verdana","sans-ser=f";color:#1F497D">Paul Barrett I Managing Director I Global Investment Oppo=tunities Group I J.P. Morgan Securities LLC I J.P. Morgan Private Bank I =1.P. Morgan Chase Bank N.A. 320 Park Avenue, 14th Floor, New York, NY 10=22 T: F: /=> <mailto NOT AN=OFFICIAL CONFIRMATION: For informational=purposes only. This report does not represent an official account of=the holdings, balances, or transactions made in your account and is being provided at your request. Please refer to your monthly account statement for the official record of all of your ac=ount activities. For question, please call your J.P. Morgan represent=tive. In discussion of options and other strategies, results and risks ar= based solely on hypothetical examples cited; actual results and risks will=vary depending on specific circumstances. Investors are urged to consider carefully whether option or option-related=products in general, as well as the products or strategies discussed herein=are suitable to their needs. In actual transactions, the client's cou=terparty for OTC derivatives applications is JPMorgan Chase Bank, N.A., and affiliates. For a copy of the "Char=cteristics and Risks of Standardized Options" booklet, please contact=your JPMorgan Advisor. This e=ail is confidential and subject to important disclaimers and conditions inc=uding on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, conf=dentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosu=es/email <http://www.=pmorgan.com/pages/disclosures/email> . I think we should consider buying the GS Cap II (3814=7AA1) @ 72.50 (- 5.5% Current Yield).They recently tendered $600MM at $75.00= We believe there is a chance that they come back and tender for more at $7=-$77. When a bank is able to redeem pfds at a discount, that discount accrues to their Income Statement. There=remains $1.2 BLN outstanding - so they could issue another pfd to parlor the remaining $1.2BIn and book another $300MM to income. EFTA_R1_00033929 EFTA01742977 Paul <=pan style="font-size:8.0pt;font-family:"Verdana","sans- ser=f";color:#5F5F5F"> cpan style="font-size:8.Opt;font-family:"Verdana","sans-ser=f"">Paul Barrett Managing Director I Global Investment Opportunities Group J.P. Morgan Securities LLC I J.P. Morgan Private Bank (=1.P. Morgan Chase Bank N.A. References: <2F3019DFB8B2BE4DB50E52A145E9216753B4C6C3@SEGCMX052.exchad.jpmchase.net> Date: Mon, 9 May 2016 15:25:07 -0400 Delivered-To: [email protected] Message-ID: Subject: Fwd: FW: Pfd idea From: "jeffrey E." To: Richard Kahn Content-Type: multipart/alternative; boundary1a1142a444322ce105326dc4a0 -- 001a1142a444322ce105326dc4a0 Content-Type: text/plain; charset=F-8 Content-Transfer-Encoding: quoted-printable -- Forwarded message From: Barrett, Paul S Date: Mon, May 9, 2016 at 3:12 PM Subject: FW: Pfd idea To: "Jeffrey Epstein ([email protected])" CUSIP: 381427AA1 as *Paul Barrett' I Managing Director I Global Investment Opportunities Group I Morgan Securities LLC* 'J.P. Mor an Private Bank* *J.P. Morgan Chase Bank N.A.* 320 Park Avenue, 14th Floor, New York, NY 10022 I T: I F: NOT AN OFFICIAL CONFIRMATION: 'For informational purposes only. This report does not represent an official account of the holdings, balances, or transactions made in your account and is being provided at your request. Please refer to your monthly account statement for the official record of all of your account activities. For question, please call your J.P. Morgan representative. In discussion of options and other strategies, results and risks are based solely on hypothetical examples cited; actual results and risks will vary depending on specific circumstances. Investors are urged to consider carefully whether option or option-related products in general, as well as the products or strategies discussed herein are suitable to their needs. In actual transactions, the clients€'"s counterparty for OTC derivatives applications is JPMorgan Chase Bank, N.A., and affiliates. For a copy of the a€ceCharacteristics and Risks of Standardized Optionsa€ boo=let, please contact your JPMorgan Advisor. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email. I think we should consider buying the GS Cap II (381427AA1) @ 72.50 (- 5.5% Current Yield).They recently tendered $600MM at $75.00. We believe there is a chance that they come back and tender for more at $75-$77. When a bank is able to redeem pfds at a discount, that discount accrues to their Income Statement. There remains $1.2 BLN outstanding - so they could issue another pfd to pay for the remaining $1.2BIn and book another $300MM to income. Paul =* *Paul Barrett* I Managing Director I Global Investment Opportunities Group I *J.P. Morgan Securities LLC* I *J.P. Morgan Private Bank* *J.P. Mor an Chase Bank N.A.* 320 Park Avenue, 14th Floor, New York, NY 10022 F: *NOT AN OFFICIAL CONFIRMATION: 'For informational purposes only. This report does not represent an official account of the holdings, balances, or transactions made in your account and is being provided at your request. Please refer to your monthly account statement for the official record of all of your account activities. For question, please call your J.P. Morgan representative. In discussion of options and other strategies, results and risks are based solely on hypothetical examples cited; actual results and risks will vary depending on specific circumstances. Investors are urged to consider carefully whether option or option-related products in general, as well as the products or strategies discussed herein are suitable to their needs. In actual transactions, the clients€'"s counterparty for OTC derivatives applications is JPMorgan Chase Bank, N.A., and affiliates. For a copy of the 2 EFTA_R1_00033930 EFTA01742978 a€ceCharacteristics and Risks of Standardized Optionsa€ boo=let, please contact your JPMorgan Advisor. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email -- please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved --001a1142a444322ce105326dc4a0 Content-Type: text/html; charset=F-8 Content-Transfer-Encoding: quoted-printable Forwarded messag= From: Barrett, Paul S mailto: Date: Mon, May 9, 2016 at 3:12 PM S=bject: FW: Pfd idea To: "Jeffrey Epstein ([email protected] <mailto:[email protected]> )" <[email protected] <mailto:[email protected]» CUSIP: 381427AA1 A </=pan> =span style="font-size:8.0pt;font-family:"Verdana","sans- s=rif";colorl5f5fSf"> =span style="font-size:8.0pt;font-family:"Verdana","sans-s=rif";color:itlf497d">Paul Barrett I Managing Director I Global Investment Op=ortunities Group I J.P. Morgan Securities LLC IA J.P. Morgan Private Bank =1.P. Morgan Chase Bank N.A.=/u> 320 Park Avenue, 14th Floor, New York, NY=10022 I T: A </=pan> <tel:% <mailto FIMM A NOT =N OFFICIAL CONFIRMATION: For informational=purposes only.A This report does not represent an official account of=the holdings, balances, or transactions made in your account and is being =rovided at your request.A Please refer to your monthly account statement for the official record of all of your a=count activities.A For question, please call your J.P. Morgan represe=tative. A In discussion of options and other strategies, results and risks =re based solely on hypothetical examples cited; actual results and risks w=ll vary depending on specific circumstances. Investors are urged to consider carefully whether option or option-related=products in general, as well as the products or strategies discussed herei= are suitable to their needs. In actual transactions, the clienta€'"s=counterparty for OTC derivatives applications is JPMorgan Chase Bank, N.A., and 3 EFTA_R1_00033931 EFTA01742979 affiliates. For a copy of the a€ceC=aracteristics and Risks of Standardized Optionsa€ booklet, please c=ntact your JPMorgan Advisor. This email is confidential and subject to important disclaimers a=d conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, con=identiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorga=.com/pages/disclosures/email <http://www=jpmorgan.com/pages/disclosures/email> . =/p> A I think we should consider buying the GS Cap II (381=27AA1) @ 72.50 (- 5.5% Current Yield).They recently tendered $600MM at $75.=0. We believe there is a chance that they come back and tender for more at=$75-$77. When a bank is able to redeem pfds at a discount, that discount accrues to their Income Statement. There=remains $1.2 BLN outstanding A - so they could issue another pfd to pa= for the remaining $1.2BIn and book another $300MM to income. A Paul A A A =span style="font-size:8.0pt;font-family:"Verdana","sans- s=rif";color:#5f5f5f"> =span style="font-size:8.0pt;font-family:"Verdana","sans-s=rif"">Paul Barrett I Managing Director I Global Investment Opportunities Group I J.P. Morgan Securities LLC IA J.P. Morgan Private Bank I =1.P. Morgan Chase Bank N.A. 320 Park Avenue, 14th Floor, New York, NY 10022 I T: F: <mailto A A NOT AN OFFICIAL CONFIRMATION: For informational purposes only=A This report does not represent an official account of the holdings,=balances, or transactions made in your account and is being provided at yo=r request.A Please refer to your monthly account statement for the official record of all of your account activitie=.A For question, please call your J.P. Morgan representative.</=> A in discussion of options and other strategies, results and risks =re based solely on hypothetical examples cited; actual results and risks w=ll vary depending on specific circumstances. Investors are urged to consider carefully whether option or option•related=products in general, as well as the products or strategies discussed herei= are suitable to their needs. In actual transactions, the clients€'"s=counterparty for OTC derivatives applications is JPMorgan Chase Bank, N.A., and affiliates. For a copy of the aCceC=aracteristics and Risks of Standardized Optionsa€ booklet, please c=ntact your JPMorgan Advisor. This email is confidential and subject to important disclaimers a=d conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, con=identiality, legal privilege, and legal entity 4 EFTA_R1_00033932 EFTA01742980 disclaimers, available at http://www.jpmorgan.com/pages/di=closures/email <http://www.jpmorgan.comhages/disclosurestemail> . A This email is confidential and subject to important disclaimers and conditi=ns including on offers for the purchase or sale of securities, accuracy a=d completeness of information, viruses, confidentiality, legal privilege, =nd legal entity disclaimers, available at http://www.jpmorgan.com/pages=disclosures/email <http://www.jumorgan.c=m/pages/disclosurestemail> A A A A AA A please note =he information contained in this communication is confidential, may be =ttorney-client privileged, may constitute inside information, and is in=ended only for the use of the addressee. It is the property of JEEUnauthorized use, disclosure or copying of this communication or any p=rt thereof is strictly prohibited and may be unlawful. If you have rece=ved this communication in error, please notify us immediately by ret=rn e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication an= all copies thereof, including all attachments. copyright -all rights r=served --001a1142a444322ce105326dc4a0-- date-last-viewed 0 date-received 1462821907 flags 8590195713 gmail-label-ids 23 22 remote-id 610926 5 EFTA_R1_00033933 EFTA01742981