EFTA01453869

Front To: Cc: Date: 04/21/2 Subject: Re: Jeffrey - latest prices with suggested sizes -Nat. Ill Classification: For internal use only thx pls stay on him, hope you're all well, Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York, NY 10154 Office: 212-454-0701 Cell: 917-971-2507 From: To: Cc: Date: 04/15/2014 07:46 AM Subject: Jeffrey - latest prices with suggested sins -Nay ICI Classification: Confidential Jeffrey, Updated prices and proposed sizes. Paul 1. Buy 10y BTP (March2024). 10y yield is 5bp lower today. I still like eur2mm here 3.125% YTM and suggest work a soft order to add eurl.5mm at 3.25%, eur1.5mm 3.35%. 2. EURUSD spot FX is 1.3802 from 1.3827 yesterday. Suggest buying 2week vanilla 1.40c at 5-6c in EUR 50mm notional (cost EUR25-30k) 3. position for a stronger dollar by buying 1y 5% OTM SPOT EURUSD binary puts at 21% of payout. suggest do half (eur500k payout costing 0.21*500k) now, and the other half when spot 139-140 4. nationwide coco currently 6.42% offered. I suggest scaling in £2mm on an order at 6.5% and £2mm on order at 6.75% thanks Nav CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0111714 CONFIDENTIAL SDNY_GM_00257898 EFTA01453869