EFTA Document EFTA01461030

Stepanian. Date: 10/10/2014 10:33 AM Subject: S&P risk reversals.... [c] classification: confidential Good Morning Jeffrey - s&P listed options indicative levels below. If you have an upside view on uS big caps, consider a risk reversal. Example: 1895p/1925c SPX November risk reversal +50.20 premium collected, offer side (Bloomberg) ref: 1917.01 Example: 186p/193c SPY March risk reversal +$0.02 premium collected, offer side (Bloomberg) ref: 191.53 (Embedded image moved to file: pic06114.gif) (Embedded image moved to file: pic30568.gif) (Embedded image moved to file: pic08438.gif) Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & wealth Management 345 Park Avenue. 10154-0004 New York, NY, USA Tel. Fax Mobile Email (Embedded image moved to file: pic24795.gif) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 122827 CONFIDENTIAL SDNY_GM_00269011 EFTA01461030