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sd-10-EFTA01453008Dept. of JusticeOther

EFTA Document EFTA01453008

Classification: Confidential Good morning Jeffrey - Just called to follow up on the below. Also, we do have your IMPAC rmbs working at 74 or better. Be Back, Tazia Tazia smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth management 345 Park Avenue - 26th Floor ION Original Message From: Tazia Smith Sent: 03/07/2014 06:35 PM EST To: [email protected] Cc: Paul Morris; Vinit Sahni; Nam Gupta; Vahe Stepanian Subject: S US Liquid

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Classification: Confidential Good morning Jeffrey - Just called to follow up on the below. Also, we do have your IMPAC rmbs working at 74 or better. Be Back, Tazia Tazia smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth management 345 Park Avenue - 26th Floor ION Original Message From: Tazia Smith Sent: 03/07/2014 06:35 PM EST To: [email protected] Cc: Paul Morris; Vinit Sahni; Nam Gupta; Vahe Stepanian Subject: S US Liquid

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Classification: Confidential Good morning Jeffrey - Just called to follow up on the below. Also, we do have your IMPAC rmbs working at 74 or better. Be Back, Tazia Tazia smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth management 345 Park Avenue - 26th Floor ION Original Message From: Tazia Smith Sent: 03/07/2014 06:35 PM EST To: [email protected] Cc: Paul Morris; Vinit Sahni; Nam Gupta; Vahe Stepanian Subject: S US Liquid Stocks (GILD, HCA, CMCSA, FFIV, XOM) [C] Classification: confidential Jeffrey - Per your request, concentrating on S liquid, us equities we really like. Targeting Healthcare, Energy and Tech sectors: Gilead (GILD) HCA holdings (HCA) Comcast (CMCSA) F5 Networks (FFIV) Exxon (XOM) Put 43mm in each, total 415mm to work. more detail below. Have a great weekend, Tazia Gilead (GILD) - trades avg 10mm shs/day Biotech was beat-up today. There is a lot of market chatter on stretched valuations, especially on upcoming IPOs. understand that you have a bullish outlook on the group. ADD to your Gilead (GILD). After today's trade, you're long 8.1k shares at S78.90. DB price target $132 (65% implied upside). chart below, report from this week defending vs a voluntary recall (392k bottles only) attached. GILD lyr Price History (Embedded image moved to file: pic01576.gif) [attachment "GILD - defend 3.6.14.pdf" deleted by Tazia smith/db/dbcom] HCA Holdings (HCA) - Trades avg 3mm shs/day CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 110384 CONFIDENTIAL SDNY_GM_00256568 EFTA01453008

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Subject: Re: [C] From: Tazia Smith < Date: Tue, 12 Au 2014 08:06:15 -0400 To: Apurva Gupta Cc: Nav Gupta < Paul Morris >, Uzair Aqeel Vahe Stepanian < Vinit Sahni Classification: Confidential Thanks Apurva - those levels are in line w what I priced last night. Nav was right in that despite Jeffrey's request for a renminbi call at -40bps , which is inline with a USDpCNHc ATMS offer and implies he has a view that renminbi could strengthen further vs the dollar, he came back wanting a

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Subject: Re: USD/MXN Follow-U From: Vahe Stepanian < Date: Wed, 26 Feb 2014 16:36:00 -0500 To: Cc: Paul Morris < >, Classification: Confidential Harry - further (per our conversation), the spot trades were executed as follows: 1) 1/14: Bought MXN 39,253,441.02 @ 13.0975 (USD $2,997,017.83) 2) 1/27: Sold MXN 38,199,653.10 @ 13.4415 (USD $2,841,918.91) These were executed at the same time as the buy/sell of the Mex bonds Hope this helps. Vahe From: Vahe Stepanian/db/dbcom To: Cc:

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