EFTA Document EFTA01465732

Subject: Re: AAL [C] From: Tazia Smith <a> Date: Wed, 11 Dec 2013 14:16:12 -0500 To: Paul Morris Vahe Stepanian Classification: Confidential Absolutely Tazia Smith Director Key Client Partners - US Deutsche Deutsche 345 Park New York Tel: Mobil Fax: E-mail: Bank Securities, Inc. Asset & Wealth Management Avenue - 26th Floor NY 10154 From: Paul Morris Sent: 12/11/2013 01:55 PM EST To: Vahe Stepanian Cc: Tazia Smith Subject: Re: AAL [C] thx, why don't you all try to get on the phone with him tomorrow with some of the other ideas Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York NY 10154 Office: Cell: PROT0 From: To: "'effre e stein" <[email protected]>, Cc: "Paul Morris" Date: 12/11/2013 12:19 PM Subject: Re: AAL [C] Jeffrey, Done on AAL. To summarize, today you executed the following for Southern Financial LLC: 1) Bought 1,000 AAL Jan'15 $20 call @ $8.00/ct. Sell 1,000 AAL Jan'15 $20 put @ $2.00/ct. Net Debit = $6.00/ct. 2) B 60,000 DXJ @ $49.3749 Please let me know if you have any questions. Thank you, Vahe From: To: "jeffrey e stein" <jeevacation@ mail.com>, Cc: "Paul Morris" , "Vahe Stepanian" Date: 12/11/2013 12:09 PM Subject: Re: AAL [C] PROT1 On it Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: From: Jeffrey Epstein [[email protected]] Sent: 12/11/2013 01:05 PM AST To: Tazia Smith Subject: Re: AAL [C] ok On Wed, Dec 11, 2013 at 12:59 PM, Tazia Smith wrote: Jeffrey - American Airlines (AAL) is presently trading - $26.5. You can synthetically create the stock via listed risk reversal out to Jan15: Indicative levels: Spot ref 26.50 Buy Jan15 20 call Sell Jan15 20 put Net Debit: 6.25 Do this on 1000 contracts to represent your 2-3mm of exposure. This priced better than a total return swap. Indicative levels only. Subject to market movement. Source: DB WM Equity Derivatives, 12/11/13. PROT2 TDS Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York NY 10154 Tel: Mobile: Fax: E-mai : Vahe Stepanian Original Message From: Vahe Stepanian Sent: 12/11/2013 11:43 AM EST To: [email protected] Cc: Paul Morris; Tazia Smith Subject: DXJ [C] Jeffrey, As a follow up to your conversation with Paul, please confirm you would like to purchase 60,000 DXJ @ market. DXJ is currently trading - $49.36, therefore the position = - $3mm exposure. I'111 be back to you shortly on AAL. Thank you, Vahe Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York NY 10154-0004 Tel. PROT3 Fax Mobil Email 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 material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved PROT4