From: Richard Kahn

From: Richard Kahn To: "Jeffrey E." <[email protected]> Subject: DB / Saudi Bond Date: Mon, 17 Oct 2016 21:02:36 +0000 Paul connected me with Darlene who used to work with Paul at JPM Darlene provided and update on the Saudi bond offering and mentioned that HSBC roadshow began last week in London then went to LA Today roadshow is in Boston and tomorrow NYC. They expect pricing as soon as tomorrow after NY and DB believes pricing will be approximately as follows: 5 yr + 150 basis points 10 yr + 200 basis points 30 yr + 300 basis points Citi, HSBC and JPM are lead on deal and DB is a co manager with expected deal size $10-$20 Billion Darlene believes after Saudi prices Jordan will be next to offer a bond Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 On Oct 7, 2016, at 3:02 PM, Barrett, Paul S < > wrote: Rich As discussed, meet Darlene Zong who knows a lot about the type of business you do. Darlene was with GIO for many years in HK and NY. Best, Paul Paul Barrett I Managing Director I Global Investment Opportunities Group I J.P. Morgan Securities LLC J.P. Morgan Private Bank I 3.P. Morgan Chase Bank N.A. 320 Park Avenue, 14th Floor, New York, NY 10022 I T: F: NOT AN OFFICIAL CONFIRMATION: For informational purposes only. This report does not represent an official account of the holdings, balances, or transactions made in your account and is being provided at your request. Please refer to your monthly EFTA00814552 account statement for the official record of all of your account activities. For question, please call your J.P. Morgan representative. In discussion of options and other strategies, results and risks are based solely on hypothetical examples cited; actual results and risks will vary depending on specific circumstances. Investors are urged to consider carefully whether option or option-related products in general, as well as the products or strategies discussed herein are suitable to their needs. In actual transactions, the client's counterparty for OTC derivatives applications is JPMorgan Chase Bank, N.A., and affiliates. For a copy of the "Characteristics and Risks of Standardized Options" booklet, please contact your JPMorgan Advisor. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at EFTA00814553