BRL Notes (Tazia Smith, 17 Dec 2013)

Subject: BRL Notes. From: Tazia Smith < Date: Tue, 17 Dec 2013 10:11:51 -0500 To: eevacation@•mail.com Cc: Paul Morris Vahe Stepanian < Classification: Confidential Good Morning Jeffrey - Per your request, sending full detail on your BRL notes. European barriers of 2.2562 and 2.3040 to get your principal back in -4-5mos. Please see below/attached and call us to discuss. (1) 3/20/14 Note - marking down, -22%. 15% european barrier (= 2.2562). Initial strike 1.9619. Current USDBRL spot