EFTA02510735

From: Daniel Sabba Sent: Friday, February 6, 2015 4:12 PM To: jeffrey E. Cc: Vahe Stepanian Subject: three graphs worth looking at... [C] Classification: Confidential Just looking at facts... Index peak to trough recently — down 24% if on= bought at the peak (you didn't buy there, the sell off since you bo=gh is around 12%) This trade in 2008 — peak to trough — 28=95% sell-off and then a rebound of around 68.56% within a year after hitting the bottom. Overall history since 2007 Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. 1 EFTA21_01642577 EFTA02510735 This communication may contain confidential and/or privileged information. =f you are not the intended recipient (or have received this communication =n error) please notify the sender immediately and destroy this communicati=n. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidde=. Deutsche Bank does not render legal or tax advice, and the information cont=ined in this communication should not be regarded as such. 2 EFTA_R1_01642578 EFTA02510736