From: Tazia Smith

From: Tazia Smith To: jeevacationgginail.com Subject: Re: Citi K fixed-to-float... [C] Date: Mon, 03 Feb 2014 19:21:38 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3); unnamed(4); unnamed(5) Classification: Confidential on it Tazia Smith Director i Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue. 26th Floor New York. NY 10154 Tel. Fax Mobile Email Pan-io-pcfr Peiferein From: Jeffrey Epstein <jeevacation®gmail.com> To: Tazia Smith/dbidbcorn©DBAMERICAS. Date: 02/03/2014 02:19 PM Subject: Re: Citi K (C) 2milliojn On Mon, Feb 3, 2014 at 2:14 PM, Tazia Smith < > wrote: Classification: Confidential Jeffrey - Will be back with complete thoughts on all of the below, but given nice pullback today, some highlights (potentially timely entry points) are popping up, for one: EFTA01166574 Consider buying some of the Citi K fixed to floats today. They went ex-div today (50c) and are trading —$25.25 (down 45c). As you know, they're fixed at 6.875% and float in 23 at 3moL +413bps. One quarterly coupon and you've recouped the moderate premium to par C 6 a 12/31/49 $ 1 25.250 -.450 K25.230 /25.250N 3x25 EXCI. At 13:57 Vol 177,757 C 25.300P I- 25.320N L 25.2006 Val 4.487M 97) Edit - 9$ Table Line Chart ®i=^ n, Compare vov. 4,,,,r, == VolLme "n ig 3D 1M 6M YID 1Y SY Max Daily V L' ef. Security/Study + Track .! Annotate M News O, Zoom EP045024 Pfd 10/28/2013 10 99 Save As 9$ Actions - 02/03/2014 Last Price • Last Price l 25.250 T High on 01/22/14 25.890 41- Average 25.243 I Low on 10/30/13 24.870 sl Event O Iiiiiiiii Oct 31 Nov 15 Nov 29 2013 • Volume 0.178M L • SMAVG (15) 1.077M I-25.800 0-25.600 025.400 GEE I-25.000 ..24.800 Dec 16 Dec 31 Jan 15 2014 Jan 31 Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset 8 Wealth Management 345 ParkAvenue, 26th Floor New York. NY 10154 Tel. Fax Mobile Email Purrin,fr PM: FMK From: Jeffrey Epstein [email protected]> To: Tazia Smith/db/dbcorn®DBAMERICAS. Paul Monistdb/dbcom©DBAMERICAS. Date: 02/02/2014 08:59 PM Subject: percentages get a read from your team EFTA01166575 EFTA01166576 Equity Energy Equity Energy Renaisance Theme S 15.00 Sub Total Financials Equity Bristol Myers S 2.50 Pfizer S 2.50 Merck S 2.50 Valeant S 1.50 Acitayis S 1.50 Gilead S 1.50 Mylan S 1.00 Endo Health S 1.00 HCA S 0.50 Rite Aid S 0.50 Sub Total 15.00 Bank of America S 3.00 Fixed-to-Float Preferreds' (CIDI Eligible) JPM 6.75%. BBB. callable 2024 S 3.00 Citi - K 6.875% BB+, callable 2023 S 3.00 Morgan Stanley - F 6.875%, BB+. callable 2024 S 2.00 Ally - B 6.50%. B, callable 2016 S 1.00 Sub Total $ 9.00 Fixed Income Agency Interest Only Mortgages 5% Coupon Agency Interest Only Mortgages 4.5% Coupon Sub Total S 5.00 S 5.00 $ 10.00 Total $ 52.00 Europe Equity Recovery Consumer Carrefour S 1.50 Financial Intesa Sanoaolo S 1.50 Auto Volkswagen S 1.50 Advertising JC Decaux S 1.50 Staffing Adecco S 1.50 Insurance Grupo Catalana S 0.50 Healthcare Roche Holdings S 1.00 Energy Total S 1.00 Sub Total S 10.00 Eurostoxx Barrier Note S 10.00 Japan Equity Total $ 20.00 Financials Sumitomo S 0.50 Insurance Mitsui Fudosan S 0.50 Daiichi Life S 0.50 Consumer Seven and I S 0.50 Unicharm S 0.50 Exporters Sumitomo Electric S 0.50 Toyota S 0.50 Japan Tobacco S 0.50 Hitachi S 0.50 Advertising Dentsu S 0.50 Sub Total S 5.00 TOPIX Deta One Note S 7.00 Foreign Exchange Long USD / Short Yen ($5 hedge. S8 spec) S 13.00 Total S 20.00 Alternatives Credit Watford Re: Total S 8.00 8.00 EFTA01166577 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 jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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. 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 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. EFTA01166578