EFTA01800634

From: Barrett, Paul S Sent: Monday, January 24, 2011 6:36 PM To: [email protected] Subject: HI Hi Jeffrey A couple of things:=/span> 1. =MR Convert back down to 113.00. We have $1MM. I think we should buy =nother $1MM. 2.&nb=p; We are launchin= a Digital Growth Fund — I think you should sign a NDA and see which=names the fund has committed to. 3. =. =nbsp; The Turkish Lira is down 11% since N=vember. There was some technical selling by local banks which we think i= overdone. I think we should buy a 6 month 1.5250 TRY call for 6 month= and finance it with a 3 month 1.5600 TRY put with a 1.7000 Knock•In=2E This will pay us a small net credit. Let me know Paul =div> Paul Barrett, CFA JPMorgan Private Ba=k 40W 57th Street, 33rd Floor, New Yo=k, NY 10019 F) 1 EFTA_R1_00140376 EFTA01800634 This email is confidential and=subject to important disclaimers and conditions including on offers for th= purchase or sale of securities, accuracy and completeness of information,=viruses, confidentiality, legal privilege, and legal entity disclaimers, a=ailable at http://www.jpmorgan.com/pages/disclosures/email. <=span> 2 EFTA_R1_00140377 EFTA01800635