EFTA02549023

From: Barrett, Paul S <[email protected]> Sent: Thursday, January 12, 2012 6:10 PM To: Jeffrey Epstein Cc: Giuffrida, David Subject: To Do =OA =i Jeffrey We=should add $1MM to our ACAS 7.96% bond position. Right now we own $1MM=and up slightly ($25K). We like the bond and think there is a chance it =ets called in August which would give us a 4.15% yield. If not t=e ytw is 6.85%. Let me know. Paul &nb=p; Paul Barrett, CFA Managing Director =OA Global Investment Opportunities Group JPMorgan Private Bank =OA 320 Park Avenue, 14th Floor, New York, NY 10022</=:p> 212-622-2770 (W) F) NMLS ID# 853441=/o:p> paul.s.barrett@jpmorgan=2Ecom <mailto:[email protected]> EFTA_R1_01704111 EFTA02549023 =OA 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. 2 EFTA_R1_01704112 EFTA02549024