EFTA01767176

From: Barrett, Paul S Sent: Tuesday, October 9, 2012 7:32 PM To: Jeffrey Epstein Subject: RE: Venezuela Paul Barrett, CFA Managing Director =OA Global Investment Opportunities Group JPMorgan Private Bank =OA ■ Park Avenue, 14th Floor, New York, NY 10022</=:p> /span> &=bsp; From: Jeffrey Epstein (mailto:[email protected] Sent: Tuesday, October 09, 2012 3:26=PM To: Barrett, Paul S Subject: Re: Venezu=la &nbs=; o= start on a? O= Tue, Oct 9, 2012 at 9:22 PM, Barrett, Paul S rote: Correct EFTA_R1_00076311 EFTA01767176 The 2017N issued bond; 8.50% coupon; sinking fund (payable over 2015, 2=16, 2017); $6BLN issue size; 12.30% yield b) The other one has a coupon of 5.25% matures Apr 2017. $3.5=LN issue size; 12.00% Paul Barrett, CFA Managing Direct=r Global Investment Opportunities Group JPMorgan Private Bank =OA Mark Avenue, 14th Floor, New York, NY 10022 F) =OD <=o:p> Fr=m: Jeffrey epstein [mailto:[email protected] <mailto:jeev=cation ®gmail.com> ] Sent: Tuesday, October 09, 2012 1:25 PM To: =arrett, Paul S Subject: Re: Venezuela =OA There are two 2017 Sent from my iPad 2 EFTA_R1_00076312 EFTA01767177 On Oct 9, 2012, at 4:34 =M, "Barrett, Paul S" w=ote: Hi leffr=y Given that we expected a Chavez win, l=am a little surprised that the bonds are trading down 3 points (around 4%)=2E There has been some noise out of Argentina where a local province=repaid a coupon on a bond in ARS when it should be in USD. So this is pu=ting pressure on the region. I=think this is an interesting level to buy the PDVSA 2017 bond. Currently=yielding 12.20%. Passive play on oil. =OA Would do $1.5MM. let me kno= Paul =nbsp; Paul=Barrett, CFA Managing Director<=o:p> Global Investment Opportunities Group<=p> JPMorgan Private Bank Mark =venue, 14th Floor, New York, NY 10022 (F) <=span> 3 EFTA_R1_00076313 EFTA01767178 class="MsoNormal" style="mso-margin-top•alt:auto;mso•margin•bottom- al=:auto" =OA This email is confidential and subject to important discl=imers and conditions including on offers for the purchase or sale of secur=ties, accuracy and completeness of information, viruses, confidentiality,=0D legal privilege, and legal entity disclaimers, available at =OD http://www.jpmorgan.com/pages/disclosures/email. </=iv> =OA The information contained in th=s communication is confidential, may be attorney-client privilege=, may constitute inside information, and is intended only for =OD the use of the addressee. It is the property of Jeffrey Ep=tein Unauthorized use, disclosure or copying of this co=munication or any part thereof is strictly prohibited and may be =nlawful. If you have received this communication in error, plea=e notify us immediately by return e-mail or by e-mail to jeevacation@gma=l.com, and destroy this communication and all copies thereo=, including all attachments. copyright - all rights reserved This e=ail is confidential and subject to important disclaimers and conditions in=luding on offers for the purchase or sale of securities, accuracy and comp=eteness of information, viruses, confidentiality, legal privilege, and leg=l entity disclaimers, available at http://www.jpmorgan.com/pages/discl=sures/email. 4 EFTA_R1_00076314 EFTA01767179