EFTA Document EFTA01344658

From: Tazia Smith/db/dbcom To: [email protected], Cc: vahe Stepanian/db/dbcom@DBAmericas Date: 11/12/2013 02:55 PM Subject: BRL Notes marking down >20% (C] Classification: Confidential Jeffrey - You're long 1mm USD each of BRL step up notes in southern Trust from JP. The notes have a 15% barrier and BRL is presently down -17% vs. USD from your initial strike. The notes are marking down more than 20%. Barrier is European. Final valuation date on the notes are 3/20/14 and 4/14/1