From: Vahe Stepanian

From: Vahe Stepanian To: Jeffrey Epstein <jecvacation0::gmail.coin> CC: Daniel Sabba < Arians Dwyer Paul Morris Subject: Short EURUSD Trades Date: Wed, 29 Apr 2015 17:06:20 +0000 >, Richard Kahn Classification: Confidential Jeffrey- we think it makes sense to revisit bearish EURUSD trades given today's move. Refreshed levels are below. Please let us know should you wish to trade. Spot ref = 1.1150 Three alternatives: 1) Buy European Digital Put Option on EUR/USD Strike: 1.05 Payout: USD 1,000,000 Payout Ccy: USD Expiry: Mon 02-Nov-2015 (6m) Premium Offer: USD 200,000 (Mid = $185,000) 2) Buy European Put Option on EUR/USD Strike: 1.1050 Notional: EUR 10,000,000 Expiry: Mon 02-May-2016 (1y) Premium Offer: USD 385,000 (Mid $370,000) 3) Buy EUR/USD Put sell EUR/USD call in a premium neutral Risk Reversal Put Strike: 1.07 Call Strike: 1.1935 Notional: EUR 10,000,000 EUR Expiry: Tue 02-May-2017 (2y) Structure mid: USD -47,000 Thank you, Vahe Vahe Stepanian Assistant Vice President Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email All trade execution information contained herein is being provided as an accommodation at your request in advance of your EFTA00680527 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 settlement, 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/or privileged information. If you are not the intended recipient (or have received this communication 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 information contained in this communication should not be regarded as such. EFTA00680528