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sd-10-EFTA01474373Dept. of JusticeOther

EFTA Document EFTA01474373

Subject: FW: TWTR Update From: Paul Morris ‹ > Date: Fri, 21 Aug 2015 21:39:34 -0400 To: Jeffrey Epstein <[email protected]> Let's talk when you're back Original Message From: Ariane Dwyer Sent: Thursday, August 20, 2015 04:17 PM Eastern Standard Time To: [email protected] Cc: Daniel Sabba; Vahe Stepanian; Paul Morris; Stewart Oldfield; Richard Kahn Subject: TWTR Update > Jeffrey, This afternoon TWTR stock fell below its IPO price of $26. Please find below a chart of TWTR

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Dept. of Justice
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sd-10-EFTA01474373
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Subject: FW: TWTR Update From: Paul Morris ‹ > Date: Fri, 21 Aug 2015 21:39:34 -0400 To: Jeffrey Epstein <[email protected]> Let's talk when you're back Original Message From: Ariane Dwyer Sent: Thursday, August 20, 2015 04:17 PM Eastern Standard Time To: [email protected] Cc: Daniel Sabba; Vahe Stepanian; Paul Morris; Stewart Oldfield; Richard Kahn Subject: TWTR Update > Jeffrey, This afternoon TWTR stock fell below its IPO price of $26. Please find below a chart of TWTR

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Subject: FW: TWTR Update From: Paul Morris ‹ > Date: Fri, 21 Aug 2015 21:39:34 -0400 To: Jeffrey Epstein <[email protected]> Let's talk when you're back Original Message From: Ariane Dwyer Sent: Thursday, August 20, 2015 04:17 PM Eastern Standard Time To: [email protected] Cc: Daniel Sabba; Vahe Stepanian; Paul Morris; Stewart Oldfield; Richard Kahn Subject: TWTR Update > Jeffrey, This afternoon TWTR stock fell below its IPO price of $26. Please find below a chart of TWTR stock and the details of your TWTR trade. Best, Ari Source: Bloomberg Finance, LP TWTR Trade Details (as of trade date, 1/27/2015) Total Return Swap: Swap Seller: DB Swap Buyer: Southern Financial LLC Ticker: TWTR Size: 100,000 shares EFTA01474373 Expiry: 1/27/2016 Spread: lmL+ 75bps Resets: Monthly Optional Early Termination: Applicable, 3 days (two-way) Commissions: $0.03 per share in and out Initial Strike: $38.9662 (Gross) / $38.9962(Net) European Call options on TWTR: Option Seller: Southern Financial LLC Option Buyer: DB Shares: 100,000 Notional: $3,896,620.00 Type: Call Style: European Expiry: 1/27/2016 Strike $38.9662 Premium client receives: $728,278.28 (18.69%) Best, Ari fcid:[email protected] Ariane Dwyer Analyst I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management EFTA01474374 Email {cid:[email protected]} 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. EFTA01474375

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