From: "Giuffrida, David J"

From: "Giuffrida, David J" To: Jeffrey Epstein <jeevacation(Ugmail.com> CC: "Ens, Amanda" Subject: RE: Oil Pricing Date: Tue, 08 May 2012 13:15:20 +0000 , "Barrett, Paul S" < Jeffrey, Bullish Brent risk reversals September 2012 contract (13Aug2012 expiry) 111.10 reference 1) • buy 140 call • sell 100 put Net credit $1.87/bbl (Same trade you put on last week. When Brent was 118 you received $0.29/bbl on 250,000 bbls) 2) • buy 130 call • sell 93 put COSTLESS From: Barrett, Paul S Sent: Tuesday, May 08, 2012 08:32 AM To: '[email protected]' <jeevacationegmail.com> Cc: Giuffrida, David 3 Subject: Re: Ok Will come back with some pricing Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 (W) (F) NMLS ID# 853441 EFTA00647738 From: Jeffrey Epstein fmalltoleevacationegmail.com] Sent: Tuesday, May 08, 2012 08:25 AM To: Barrett, Paul S Subject: lets look at more oil spreads The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of JPMorgan Chase & Co., its subsidiaries and affiliates. This transmission may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by JPMorgan Chase & Co., its subsidiaries and affiliates, as applicable, for any loss or damage arising in any way from its use. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you. Please refer to http://www.jpmorgan.com/pagesldisclosures for disclosures relating to European legal entities. EFTA00647739