EFTA02364344

From: Barrett, Paul S < Sent: Tuesday, January 24, 2012 10:12 PM To: Jeffrey Epstein Cc: Giuffrida, David Subject: To Do Hi Jeffrey <= class="MsoNormal"> We should take profit on the $2.5MM SGD=we bought back in Dec (+$59,000) and switch into the following:</=:p> Sell BRLput/JPYcall - &=bsp; <=lendifj>1 yr &nb=p; St=ike = 42.50 =span style="font-size:11.0pt;font-family:"Calibri","san=-serif"">- &nb=p; Knock Out = 46.50 &=bsp; Spot ref 44.20 Premium = 4.75% on $2.5MM =otional <=:p> This=still leaves us with $2.5MM SGD exposure. <= class="MsoNormal"> Apple up 8% after the close.=/span> Paul<=p> =OD =OA 1 EFTA_R1_01358284 EFTA02364344 Paul Barrett, CFA Ma=aging Director Global Investm=nt Opportunities Group apan style="font-size:10.5pt;font-family:Consolas;color:#1F497D">WMorg=n Private Bank 320 Park Avenu=, 14th Floor, New York, NY 10022 (W) (F) =OA NMLS ID# 853441 > <=p> This email is confidential and subject to im=ortant disclaimers and conditions including on offers for the purchase or =ale of securities, accuracy and completeness of information, viruses, confÞntiality, legal privilege, and legal entity disclaimers, available at ht=p://www.jpmorgan.com/pages/disclosures/email. 2 EFTA_R1_01358285 EFTA02364345