EFTA02554304

From: Barrett, Paul S < Sent: Tuesday, May 22, 2012 5:37 PM To: [email protected]* Cc: Giuffrida, David J Subject: Eur Chf Jeffrey I think we should build a short eur position against the=chf. If the stress in Europe gets worse then it is highly likely that th= peg could break. Vol has ticked higher so would do an outright forward=2E Would do a 6 month forward. 10mm notional. =aul Paul Barrett, CFA Managing Director Global =nvestment Opportunities Group JPMorgan Private Bank 320 Park Ave=ue, 14th Floor, New York, NY 10022 212-622-2770 (W) 212-3=0-0108 (F) NMLS ID# 853441 [email protected]=m This email is confidential and subject to important disclaimers a=d conditions including on offers for the purchase or sale of sec=rities, accuracy and completeness of information, viruses, confidenti=lity, legal privilege, and legal entity disclaimers, available at htt=://www.jpmorgan.com/pages/disclosures/email. <?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propertylist-1.0.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>219914</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1337708246</integer> <key>flags</key> <integer>8590195713</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>224849</string> EFTA_R1_01711616 EFTA02554304 </dict> </plist> 2 EFTA_R1_01711617 EFTA02554305