EFTA Document EFTA01434468

Subject: RE: Argentina Long Dated Bonds EUR XCCY From: Xavier Avila <ffi Date: Fri, 13 Apr 2018 12:57:07 -0400 To: Paul Barrett Cc: Martin Zeman Davide-A Sferrazza Stewart Oldfield Paul, slight mistake below. Thanks From: Xavier Avila Sent: Friday, April 13, 2018 12:39 PM To: 'Paul Barrett' Cc: Martin Zeman ; Davide-A Sferrazza clavicle- ; Stewart Oldfield Subject: RE: Argentina Long Dated Bonds EUR XCCY Paul You bought EUR 1,000,000 ARGENT 5 3/4 01/15/28 Corp (XS1715303779) at Clean Price 100.85%: Dirty Price 102.173288% You enter into a EURUSD Cross Currency Swap Initial Exchange Client Receives Client Pays Value Date Notional and Final EUR Notional USD Notional Trade Date Start Date Maturity Date EUR 1,021,732.88 USD 1,259,336.86 17 April 2018 Exchanges Client Pays 5.25% 18 to 15 Jan 19 Client Recs Fixed Act/360) First Short EUR 1,000,000.00 USD 1,232,550.00 13 April 2018 17 April 2018 15 Jan 2028 EUR Notional * (Ann, Act/Act) First Full Coupon 15 Jan USD Notional * 3m Libor + 5.05% (Quarterly, Coupon Start Date to 15 Jul 18 EFTA01434468 Xavier Avila Managing Director I Key Clients Partners Wealth Management Americas Deutsche Bank Securities Inc 345 Park Avenue, New York, NY, 10154-0004 Office Mobile Email From: Xavier Avila Sent: Tuesday, April 10, 2018 12:42 PM To: 'Paul Barrett' < Cc: Martin Zeman ; Davide-A Sferrazza clavicle- ; Stewart Oldfield dc > Subject: Argentina Long Dated Bonds EUR XCCY Paul, we have done some more homework with research and trading, let's discuss the below. Thanks Bond ISIN CCY Size(bio) Maturity Type Clean Price Bond Coupon Basis Last Coupon Next Coupon Fixed (Semi,30/360) Floating (Q, Act/360) ARGENT 5 ; 01/11/28 Corp US040114HQ69 USD 4.20 11-Jan-28 Bullet 95.62% 5.87% Semi, 30/360 11-Jan-18 11-Jul-18 6.48% 3.68% ARGENT 5 la 01/15/28 Corp XS1715303779 EUR 1.00 15-Jan-28 Bullet 100.45% 5.25% Ann, Act/Act 15-Jan-18 15-Jan-19 7.90% 5.00% ARGENT 7.82 12/31/33 Corp XS0205545840 EUR 2.20 31-Dec-33 Amortizing 114.25% 7.82% Semi, 30/360 31-Dec-17 29-Jun-18 9.30% 6.30% « OLE Object: Picture (Device Independent Bitmap) > > Cross Currency Prices 1) EUR ARGENT 2028 Notional Exchange Initial and Final EUR Notional [ ]mio USD Notional EUR Notional * 1.2340 Swap Start T+2bd Swap End 15 Jan 2028 Client Pays EUR Notional * 5.25% (Ann, Act/Act) Full Coupon 15 Jan 18 to 15 Jan 19 Client Recs Floating USD Notional * [ 3m Libor + 5.00% ] (Quarterly, Act/360) First Short Coupon Swap Start to 15 Apr 18 Client Recs Fixed USD Notional * [ 7.90% ] (Semi, 30/360) First Short Coupon Swap Start to 15 Jul 18 First EFTA01434469 2) EUR ARGENT 2033 Notional Exchange EUR Notional USD Notional Swap Start Swap End Intermediate and Final [ ] mio, subject to the amortization EUR Notional * 1.2340 T+2bd 31 Dec 2033 Client Pays EUR Notional * 7.82% (Semi, 30/360) Coupon 31 Dec 17 to 29 Jun 18 Client Receives Dirty Price and Par) Client Recs Floating (Quarterly, Act/360) Client Recs Fixed 30/360) First Full EUR Notional * 14.50% Upfront (Difference between USD Notional * [ 3m Libor + 6.30% ] First Short Coupon Swap Start to 29 Jun 18 USD Notional * [ 9.30% ] (Semi, First Short Coupon Swap Start to 29 Jun 18 Set Date Pay Date EUR Notional % Factor % EUR Notional EUR Amortization Coupon (Semi, 30/360) Coupon EUR 31-Dec-17 29-Jun-18 100.00% 137.61% 1,376,104 0 7.82% 29-Jun-18 31-Dec-18 100.00% 137.61% 1,376,104 0 7.82% 31-Dec-18 28-Jun-19 100.00% 137.61% 1,376,104 0 7.82% 28-Jun-19 31-Dec-19 100.00% 137.61% 1,376,104 0 7.82% 31-Dec-19 30-Jun-20 100.00% 137.61% 1,376,104 0 7.82% 30-Jun-20 31-Dec-20 100.00% 137.61% 1,376,104 0 7.82% 31-Dec-20 30-Jun-21 100.00% 137.61% 1,376,104 0 7.82% 30-Jun-21 31-Dec-21 100.00% 137.61% 1,376,104 0 7.82% 31-Dec-21 30-Jun-22 100.00% 137.61% 1,376,104 0 7.82% 30-Jun-22 30-Dec-22 100.00% 137.61% 1,376,104 0 7.82% 30-Dec-22 30-Jun-23 100.00% 137.61% 1,376,104 0 7.82% 30-Jun-23 29-Dec-23 100.00% 137.61% 1,376,104 0 7.82% 29-Dec-23 28-Jun-24 100.00% 137.61% 1,376,104 -68,805 28-Jun-24 31-Dec-24 95.00% 130.73% 1,307,299 -68,805 7 31-Dec-24 30-Jun-25 90.00% 123.85% 1,238,493 -68,805 7 30-Jun-25 31-Dec-25 85.00% 116.97% 1,169,688 -68,805 7 31-Dec-25 30-Jun-26 80.00% 110.09% 1,100,883 -68,805 7 30-Jun-26 31-Dec-26 75.00% 103.21% 1,032,078 -68,805 7 31-Dec-26 30-Jun-27 70.00% 96.33% 963,273 -68,805 7.82% 37,664 30-Jun-27 31-Dec-27 65.00% 89.45% 894,467 -68,805 7.82% 34,974 31-Dec-27 30-Jun-28 60.00% 82.57% 825,662 -68,805 7.82% 32,283 30-Jun-28 29-Dec-28 55.00% 75.69% 756,857 -68,805 7.82% 29,593 29-Dec-28 29-Jun-29 50.00% 68.81% 688,052 -68,805 7.82% 26,903 29-Jun-29 31-Dec-29 45.00% 61.92% 619,247 -68,805 7.82% 24,213 31-Dec-29 28-Jun-30 40.00% 55.04% 550,441 -68,805 7.82% 21,522 28-Jun-30 31-Dec-30 35.00% 48.16% 481,636 -68,805 7.82% 18,832 31-Dec-30 30-Jun-31 30.00% 41.28% 412,831 -68,805 7.82% 16,142 30-Jun-31 31-Dec-31 25.00% 34.40% 344,026 -68,805 7.82% 13,451 31-Dec-31 30-Jun-32 20.00% 27.52% 275,221 -68,805 7.82% 10,761 53,806 53,806 53,806 53,806 53,806 53,806 53,806 53,806 53,806 53,806 53,806 53,806 7.82% 53,806 .82% 51,115 .82% 48,425 .82% 45,735 .82% 43,045 .82% 40,354 EFTA01434470 30-Jun-32 31-Dec-32 15.00% 20.64% 206,415 -68,805 7.82% 8,071 31-Dec-32 30-Jun-33 10.00% 13.76% 137,610 -68,805 7.82% 5,381 30-Jun-33 31-Dec-33 5.00% 6.88% 68,805 -68,805 7.82% 2,690 Xavier Avila Managing Director I Key Clients Partners Wealth Management Americas Deutsche Bank Securities Inc 345 Park Avenue, New York, NY, 10154-0004 Office Mobile Email KCP products and services are intended and available only for persons who are sophisticated institutional investors within the meaning of the FINRA Rule 4512(C)(3), and who are capable of evaluating the strategies, characteristics and investment risks of, and exercising independent judgment in evaluating, the ideas and products discussed herein. Trades and transactions are subject to relevant internal approvals of DBSI or its affiliates prior to execution, and the execution of any transaction or idea discussed herein is conditional on your becoming a client of Deutsche Bank. Key Client Partners (KCP) products, investment ideas and solutions and related matters discussed herein are provided for discussion purposes only, and strictly on a non-advisory basis. The KCP Americas desk does not provide investment advice. The information set forth herein is confidential and personal to you and is being presented for your information and for discussion purposes only. Any reproduction and/or redistribution thereof (in whole or in part) or disclosure of its content without our written consent is strictly forbidden. This communication does not create any legally binding obligation on the part of DBSI or any of its affiliates. 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 EFTA01434471 material in this communication is strictly forbidden. Please refer to for additional EU corporate and regulatory disclosures. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01434472