EFTA02710221

From: jeffrey E. <[email protected]> Sent: Wednesday, September 10, 2014 1:33 PM To: Richard Kahn Subject: Re: PDVSA [C] 2 million 97.5 On Wednesday, September 10, 201=, Richard Kahn wrote: please advise Richard Kahn HBRK Associates Inc. New York, NY 10022 Begin forwarded message: <=iv style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:=px">=b>From: Vahe St=panian <[email protected]> Subject: <=b>PDVSA [C]<=r> Date: September 9, 2014 at 4:01:40 PM EDT To: aspan> Cc: Classification: Confidential Rich- Per our conversation, spoke to our trader and market on PDVSA 4.9% of 10/28/2014 is currently 97/98. Depending on size, we may be able to get done @ 97.5. Recall that Jeffrey currently owns 4.5mm PDVSA 5.0% of 10/28/2015 across two accounts. Thank you, EFTA_R1_02120702 EFTA02710221 Vahe Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154-0004 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 upon request. The terms of the trade(s) may be subject to change prior to settle=ent, 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 official trade confirmation(s) or account statements. This communication may contain confidential and/=r privileged information. If you are not the intended recipient (or have received this communication<=r> in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of thear> material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. 2 EFTA_R1_02120703 EFTA02710222