EFTA Document EFTA01875392

To: Barrett. Paul S From: Jeffrey Sent: Thur 7/26/2012 4:34:37 PM Subject: Re: Revised Portfolio Not till scpt Sorry for all the typos .Sent from my iPhonc On Jul 26, 2012, at 12:10 PM, "Barrett, Paul S" <paul.s.barrett@ipmorgan,com> wrote: Hi Jeffrey I left a message with Do you need any additional follow up regarding the portfolio? Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group li,Morgan Private Bank From: Barrett, Paul 5 Sent: Tuesday, July 17, 2012 3:55 PM To: 'Jeffrey Epstein' Cc: Giuffrida, David 3 Subject: Revised Portfolio Hi Jeffrey Here is a revised portfolio sample that does not employ leverage. We added some gold exposure and increased the oil weighting. Remember that the coupons on a structured note will knock out if we hit the buffer level (continuous) or finish below the buffer (at expiry). Leveraged Weight EFTA_R1_00283939 EFTA01875392 JPM High Yield Bond Fund Bank Preferreds/Lower Tier II Bonds RBS 7.25% Pfds Ally B Pfds Rabobank 8.40% Pfds Bank of America 8.125% Pfd GE 7.125% Pfd Emerging Markets PDVSA 5% 2015 (USD Denominated) BRL Linked Market Plus Note (8% coupon / 25% At expiry Buffer) Equity Linked Notes 20.00% Yield 20.00% 6.36% 15.00% Yield 4.00% 8.50% 4.00% 7.95% 3.00% 7.85% 2.00% 6.60% 2.00% 5.90% 10.00% Yield 5.00% 11.75% 5.00% 8.00% 22.50% Coupon EFTA_R1_00283940 EFTA01875393