From: Jeffrey Epstein <[email protected]>

From: Jeffrey Epstein <[email protected]> To: "Barrett, Paul S" Subject: Re: Short dated EUR Idea Date: Wed, 09 Nov 2011 19:21:26 +0000 ok On Wed, Nov 9, 2011 at 5:29 PM, Barrett, Paul S Jeffrey wrote: We should buy a 1 month 1.3500 EUR Put with a continuous KO at 1.2800. Cost is 50bps. Vanilla cost is 1.75%. 20MM notional would cost SlOOK. Then would sell a 1.41 EUR call to finance it only if we see a pop back up to 1.3800. Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 (W) (F) 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 http://wwwjpmorgan.com/pages/disclosures/email. EFTA00923910 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 EFTA00923911