From: "Jeffrey E." <jeevacation®gmail.com>

From: "Jeffrey E." <jeevacation®gmail.com> To: Daniel Sabba ctl Subject~P- 01.30.2015 - Date: Fri, 30 Jan 2015 16:26:09 +0000 Inline-Images: image00 ljpg; image0ll.png; image010.png; image013.png; image012.png yes On Fri, Jan 30, 2015 at 12:00 PM, Daniel Sabba I> wrote: Classification: Confidential Jeffrey, Transaction terms - Option Seller Option Buyer Notional Amount Dispersion Basket Strike Date Expiry Settlement Price expiry date Strike Offer Premium Payment Date 3 Feb 2015 Option Payout EFTA01143148 Best regards, Daniel From: Daniel Sabba Sent: Friday, January 30, 2015 10:23 AM To: 'Jeffrey E.' Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: RE: One idea for diverging policies - calls on global dispersion [C] Classification: Confidential Jeffrey, Our London desk was able to closed. Attached is a draft term sheet for the trade. Regards, Daniel From: Daniel Sabba Sent: Thursday, January 29, 2015 5:12 PM To: Daniel Sabba; Jeffrey E. Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: RE: One idea for diverging policies - calls on global dispersion [C] Classification: Confidential yen though Asia has already Jeffrey, EFTA01143149 Per our conversation, we received your order to bid on this structure at the indicated terms for As discussed, we communicated your overnight order to our London desk and we will revert tomorrow on whether the transaction has been executed. Thank you, Daniel From: Daniel Sabba Sent: Thursday, January 29, 2015 2:54 PM To: 'Jeffrey E.' Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: One idea for diverging policies - calls on global dispersion [C] Classification: Confidential Jeffrey, As we look at the world, the enormous dispersion of monetary and fiscal policies is obvious. One transaction we have used in the oast to articulate this theme. and it trickline down to eauitv markets are calls on dis • ersion. Indicative Transaction Terms: EFTA01143150 Client buys: Dispersion Basket: Expiry: Strike: Offer: Please let us know when would be a good time to connect. Regards, Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Tel Mobil Email This communication may contain confidential and/or privileged information. If you are not the EFTA01143151 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. please note 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 JEE 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 EFTA01143152