From: Richard Kahn cl

From: Richard Kahn cl To: Jeffrey Epstein <[email protected]> Subject: Fwd: AAPL / SUNE Note [C] Date: Mon, 14 Sep 2015 19:38:29 +0000 Inline-Images: image001.jpg; image002.jpg Was this note you were referring to or something similar to twtr trade. Speak with Morris or Barrett? you. Sent from my iPhone Begin forwarded message: From: Vahe Stepanian Date: August 20, 2015 at 3:30:35 PM EDT To: "jeffrey E." , Stewart Oldfield , Richard Kahn , Ariane D er , Paul Morris c Cc: Daniel Sabba Subject: AAPL/ SUNE Note ICI Classification: Confidential Please advise. Thank Jeffrey —we indicatively priced up the below structured note today on the back of weakness in both AAPL and SUNE. Please let us know if this is of interest. Thank you, Vahe Sample transaction terms - 18mo Callable Yield Note For discussion purposes only —pricing subject to change Issuer: Maturity: BNP Paribas 18 months (callable after 3 months) Underlying: Lesser of: Apple Inc (AAPL) SunEdison Inc. (SUNE) Callable: Contingent Coupon: Coupon Barrier: Principal Barrier: Quarterly if both are above initial level 30.00% p.a. subject to coupon barrier Observed and paid quarterly 60% of initial strike observed quarterly 60% of initial strike observed at maturity only Description: The investor receives 7.50% per quarter (30% p.a.) if all (2) underlying stocks are above the coupon barrier on the quarterly observation date. The note is autocallable on each quarterly observation date if both of the underlying stocks are above initial level on quarterly observation date. If not redeemed early, at maturity, the principal is at risk if one or more of the underlying stocks has a final strike below their principal barrier, with the investor being exposed to the return of the worst performing underlying stock. Cash settlement at termination. SUNE Chart: EFTA00685266 /MUM Pala • Average II* a0S/D/15 32.13 22.8193 122171 1 toe cr 01/20/15 12211 e•Volere 3Lreart Sog Ql 2011 51.11 us (Priv (5.•14..xe 0wty 20A0C_ I • Mar /0' Play 1w kg 2015 -.wee 2015 rooerben finance . 10 Ave.2015 15:25:10 AAPL Chart: i N Last Price 113.13 T Nigh on 02/23/15 133.00 Average 117.3644 1 Low on 10/16/14 96.26 El V0 une 56.929M Ihlll II IIIII III IIIIIIIII Illmllllllll II IIII IIII Illll mll See O No De 2 11 Jan eb Ma Aar May Jun Jul Aug 2015 II *Used with the permission of Bloomberg Finance LP Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Email EFTA00685267 This material has been prepared for discussion purposes only and is not intended to be an offer or solicitation. or the basis for any contract to purchase or sell any security, or other i-istrument. or for Deutsche Bank to enter into or arrange any type of transaction as a consequence of any information contained herein. Structured products are not suitable for all investors. Terms quoted above are indicative only and subject to change. This offering relies on a Regulation S exclusion from Section 5 registration requirements of the Securities Act of 1933 and may not be offered to U.S. persons. Structured products are not suitable for all investors due to illiqSdity. optionality. time to redemption, and payoff nature of the strategy. We or cur affiliates or persons associated with us or such affiliates may: maintain a long or short position in securities referred to herein, or in related futures or options. purchase or sell, make a market in. or engage in any other transaction invo/ving such secisities. and earn brokerage or other compensation. Calculations of returns on the instruments may be linked to a referenced index or interest rate. In such cases, the investments may not be suitable for persons unfamikar with such index or interest rates. or unwilling or unable to bear the risks associated with the transaction. Products denominated in a currency, other than the investor's home currency. wil be subject to changes in exchange rates, which may have an adverse effect on the value. price or income return of the products. These products may not be readily realizable investments and are not traded on any regulated market. Additional risks to consider involve interest rates, currencies. credit, political, liquidity. tine value. commodity and market risks. Please consider carefuly before investing. Most structured products are only available to certain investors who qualify as 'Accredited Investor' as defined in the Regulation D under the Securities Act of 1933. as amended the Securities Act"), and/or 'Qualified Purchasers' as defried in Section 2(a)(51) of the Investment Company Act of 1940. as amended ('the Investment Company Act'). In addition. prospective investors must sign the Structured Products Account Agreement and Approval Form affirming investor status as well as other matters. 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. EFTA00685268