EFTA01773689

From: Barrett, Paul S Sent: Monday, October 24, 2011 3:30 PM To: Jeffrey Epstein Cc: Giuffrida, David Subject: To Do Hi Jeffrey=o:p> We should switch $1.5MM out of our Ford Motor Credit 2015's=(ytm 4.37%) into HCA (Hospital Corp of America) 6.550% 2016 ytm 5.90=. We never hedged any of the corn in September. It is now up 10= since then. How do you feel about unwinding half the position up here? =e have enough risk on in the portfolio and I would like to fade this recen= rally. YTD +$4.4MM &n=sp; Let me know Paul Paul Barrett, CFA=/p> Managing Director =lobal Investment Opportunities Group =PMorgan Private Bank <=pan style=lont-size:10.5pt;font-family:Consolas:color:#1F497D1>212-62=-2770 (W) 212-310-0108 (F) [email protected] <mailto:[email protected]> </=iv> EFTA_R1_00086685 EFTA01773689 =span STYLE="color :#000000;background-color :#FFFFFF"> This email i= confidential and subject to important disclaimers and conditions includin= on offers for the purchase or sale of securities, accuracy and completene=s of information, viruses, confidentiality, legal privilege, and legal ent=ty disclaimers, available at http://www.jpmorgan.com/pages/disclosures=email. 2 EFTA_R1_00086686 EFTA01773690