From: Tazia Smith

From: Tazia Smith To: [email protected] Cc: Paul MorrisaaNav Gupta , Vahe Stepanian Subject: EURUSD lower, consider taking gain on risk reversal [C] Date: The, 22 Jul 2014 12:29:13 +0000 Inline-Images: unnamed; unnamed(I) Classification: Confidential Jeffrey - Consider taking the gain on your EURUSD risk reversal, —$67,300 USD. Indicative level only, EURUSD moving your way as I'm typing. Below is indicative two-way market on each leg: Spot ref 1.3484 Leg 1: European Option Put <Client> sells European EUR Put on EUR/USD Strike: 1.345 Notional: EUR 10,000,000 Expiry: Mon 08-Sep-2014 Settlement: Wed 10-Sep-2014 ZoneCut: NY Premium: USD 78,200/82,500 Premium Date: Thu 24-Jul-2014 Leg 2: European Option Call <Client> buys European EUR Call on EUR/USD Strike: 1.38 Notional: EUR 10,000,000 Expiry: Mon 08-Sep-2014 Settlement: Wed 10-Sep-2014 ZoneCut: NY Premium: USD 6,900/10,900 Premium Date: Thu 24-Jul-2014 INDICATIVE LEVELS ONLY - subject to market movement. Source DB AWM FX, 7/22/14. Tazia Smith Director I Key Client Partners - US DB Securities Inc EFTA01199350 Rusin.* Peeform 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. ➢eutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01199351