EFTA Document EFTA01479586

Subject: Re: PDVSA 5% 10/28/15 now completely retraced recent drop... (Cl From: Tazia Smith < Date: Thu 08 Ma 2014 14:42:15 -0400 To: Ce: Nav Gupta > Paul Morris < Vahe Stepanian Vinit Sahni < > Classification: Confidential Rich - These PDVSA (Venezuelan oil co, USD denominated) bond positions were ones that we had discussed extensively on weakness and discussed holding. Jeffrey thought about adding, but didn't pull the trigger. Continue to act nicely. Just an FYI for you. Best, Tazia (Embedded image moved to file: pic09418.gif) From: Tazia Smith To: jeevacation8gmail.com, O r - Paul Morris, Vinit Sah Nav Gupt ahe Stepanian/ Date: 03/19/2014 09:22 AM Subject: PDVSA 5% 10/28/15 now completely retraced recent drop... [C] Classification: Confidential Jeffrey - PVDSA has now fully recouped recent losses. You're now down $246,600 on your 4.5mm PVDSA 5% 10/28/15 (your average cost is 91.08) Mid-level 85.6, 15.53$ yield (Bloomberg, 3/19/14) PDVSA 5% 10/15 - lyr Price History (Embedded image moved to file: pic12155.gif) Used with permission of Bloomberg Finance LP (Embedded image moved to file: pic25896.gif) EFTA01479586 Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset S Wealth Management 345 Park Avenue, 26th Floor New Tel. Fax Mobile Email (Embedded image moved to file: pic29839.gif) EFTA01479587