EFTA02710052

From: Richard Kahn Sent: Wednesday, September 10, 2014 3:59 PM To: Jeffrey E. Subject: Fwd: PDVSA [C] Richard Kahn HBRK Associates =nc. 575 Lexington Avenue 4th Floor New York, NY 10022 Begin forwarded message: From: Vahe Stepania Subject: =/b>Re: PDVSA =CJ Date: =/b>September 10, 2014 =t 11:52:01 AM EDT To: =/b> Cc: =IID </=iv> Classification: =onfidential Nothing done yet. Market currently 97.35 x 98. +$5mm just traded at =7.65. As discussed, we're working =7.50 until we hear otherwise. Thank you, Vahe Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor EFTA_R1_02119981 EFTA02710052 All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available =pon request. The terms of the trade(s) may be subject to change prior to =ettlement, and therefore the official trade confirmation(s) and account statements issued by Deutsche Bank shall govern. Deutsche Bank is not responsible for any discrepancy between the informal execution report and the =fficial trade confirmation(s) or account statements. From: Richar To: Vahe Cc: Date: 09/10/2014 11:43 AM Subject: = Re: PDVSA =CJ any update on order / current bid ask please advise thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 On Sep 10, 2014, at 9:43 AM, Vahe Stepanian > wrote: Classification: =onfidential Jeffrey - got your order. Market is still 97/98, working your order of 2mm @ 97.5. Will be back to you with an update as soon as its =vailable. Thank you, Vahe 2 EFTA_R1_02119982 EFTA02710053 From: Richard Kahn =It To: Cc: Date: : = Subject: Fwd: PDVSA =Cj please call me to review order thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 Begin forwarded message: From: "Jeffrey E." <[email protected]> Subject: Re: PDVSA Date: September 10, 2014 at 9:32:30 AM EDT To: Richard Kahn 2 million 97.5 On Wednesday, September 10, 2014, Richard Kah please advise Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 wrote: 3 EFTA_R1_02119983 EFTA02710054 Begin forwarded message: From: Vahe Stepani Subject: PDVSA ICJ Date: Se tember 9 2014 at 4:01:40 PM EDT To Cc: Classification: Confidential Rich- Per our conversation, spoke to our trader and market on PDVSA 4.9% of =0/28/2014 is currently 97/98. Depending on size, we may be able to get done @ =7.5. Recall that Jeffrey currently owns 4.5mm PDVSA 5.0% of 10/28/2015 across two accounts. Thank you, Vahe <Mail Attachment.gif> Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available =pon request. The terms of the trade(s) may be subject to change prior to =ettlement, and therefore the official trade confirmation(s) and account statements issued by Deutsche Bank shall govern. Deutsche Bank is not responsible for any discrepancy between the informal execution report and the =fficial trade confirmation(s) or account statements. =/font> This communication may contain confidential and/or privileged =nformation. If you are not the intended recipient (or have received this =ommunication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the =nformation contained in this communication should not be regarded as =uch. 4 EFTA_R1_02119984 EFTA02710055 This communication may contain confidential and/or privileged =nformation. If you are not the intended recipient (or have received this =ommunication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the =nformation contained in this communication should not be regarded as such. This communication may contain =onfidential and/or privileged information. If you are not the intended recipient (or have received this =ommunication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of =he material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the =nformation contained in this communication should not be regarded as =uch. 5 EFTA_R1_02119985 EFTA02710056