From: Tazia Smith <1

From: Tazia Smith <1 To: [email protected] Cc: , Vinit Sahni , Nav Gupta Paul Morris , Vahe Stepanian Subject: Update: Jun14 WTI 101/93.50 Risk Reversal, $0.95/bbl [C] Date: Mon, 24 Mar 2014 13:59:42 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2) Classification: Confidential Jeffrey - Jun14 crude contract higher this morning, as you know. Indicative bid on your Zero cost risk reversal is $0.95/bbl vs spot of CLM4 spot of $99.35. You're up $95,000. ,CLM4 j 99_30 +.65 At 9:41 d Vol 12801 CLM4 COMB Comcity frovod 1D 3D 111 6M YTC 1 1 rjr'S.TVe As IS 00 lY 25 26 27 28 Feb 2014 17::5 SY ..," ' ic99.29 99 . 31 6x34 Prey 98.65 Op 98 . 70 Hi 99.48 Lo 98.29 0penlnt 208522 -- 98 Actions , 1=rle Line Chart PII une El El compare . ... === NO weer Chart I. Max 30 M11 V • A`: Security/Study M EVECIS + I Track - Annotate 'al Nets d Zoom I I i I I I I i i i i I I _am Price IRO 1 1 1 1 1 1 I 1 cl• Last Price 99.30 T High on 03/03 101:30 103.36 I 1 I 1 1 1 1 -40- Average I 1 [99.41 1------1-"' 1 1 1 1 III Prey Close -1---21 101.17 I I 03 04 05 06 07 10 11 12 13 14 17 18 19 20 21 24 Mar 2014 0 103.00 102.00 101.00 100.00 98.00 97.00 Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc EFTA01193468 Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax Mot Erna Pan-io-pcfr Pei farm. 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. EFTA01193469