EFTA Document EFTA01418647

Subject: RE: Richard Kahn / Epstein Total Return Swap [I] From: Stewart Oldfield Date: Mon, 27 Jun 2016 11:41:02 -0400 To: Vahe Stepanian <a>, Andrew King Cc: Daniel Sabba Joseph Dursi Classification: For internal use only Need the swap pricing as well From: Vahe Stepanian Sent: Monday, June 27, 2016 11:36 AM To: Andrew King Cc: Stewart Oldfield; Daniel Sabba; Joseph Dursi Subject: RE: Richard Kahn / Epstein Total Return Swap [I] Classification: For internal use only This is a CRM question, will CC you on email to them. From: Andrew King Sent: Monday, June 27, 2016 11:27 AM To: Vahe Stepanian Cc: Stewart Oldfield; Daniel Sabba; Joseph Dursi Subject: RE: Richard Kahn / Epstein Total Return Swap [I] Classification: For internal use only Vahe, I've attached the basket we put together with the help mind working with Cap. Markets to determine the margin swap (Richard would like to keep it below 30% in order and the expected swap rate? of STG. Would you requirement on the to get 3x leverage), EFTA01418647 Please let us know if you have any questions. From: Vahe Stepanian Sent: Friday, June 24, 2016 10:12 AM To: Andrew King Cc: Stewart Oldfield; Daniel Sabba Subject: RE: Richard Kahn / Epstein Total Return Swap [I] Classification: For internal use only Interesting. Can you send over a proposed basket, tenor, etc. and I'll loop in the right folks? Thanks, Vahe From: Andrew King Sent: Friday, June 24, 2016 10:04 AM To: Vahe Stepanian Cc: Stewart Oldfield Subject: Richard Kahn / Epstein Total Return Swap [I] Classification: For internal use only Vahe, Stew spoke to Richard yesterday who would like to move forward on a $20MM EFTA01418648 total return swap on a basket of preferreds. We're going to put a basket together from the list of preferreds we originally provided, but I thought I'd check to see if Capital Markets might also be able to put together the basket for the swap. Also, what are next steps to provide indicative terms to Richard? Thanks in advance. Best regards, Andrew King fcid:[email protected] Andrew King, CFA Vice President I Investment Solutions Group Deutsche Deutsche 345 Park Tel. Fax Mobil Email Bank Securities Inc. Asset & Wealth Management Avenue, New York, NY 10154 fcid:[email protected] EFTA01418649