EFTA01461753

Jeffrey - in working with Nay, we think EUR 10mm on each leg. At that size, if EURUSD strengthens -2-3%, losses would be approx. $300k. Please confirm size and we'll execute. 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 10154-06O4 Tel. +1 (212)454-1539 Fax +1 (646) 257-3131 Mobi Ems All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available upon request. The terms of the trade(s) may be subject to change prior to settlement, and therefore the offrAal trade confirmation(s) and account statements issued by Deutsche Bank shall govern. Deutsche Bank is not responsible for any discrepancy between the informal execution report and the official trade confirmation(s) or account statements. From 'hoffroy rjoevacationetomail coop To- Vahe Stepaniarildbfdbcom©DBAmericas, Date 06/06201408.49 AM Subject Re: EURUSD Pricing IC] zero cost. size recommend? On Fri, Jun 6, 2014 at 6:05 AM, Vahe Stepanian aata wrote: Classification: Confidential Good Morning Jeffrey, Two-way pricing below on the EURUSD collar. Note non-farm payrolls in —25 minutes, so please let us know should you wish to trade ahead of that. Spot Ref: 1.3640 Expiry: 3m (8 Sep 2014 expiry) Notional: Up to EUR 50mm (each leg) For a Zero-Cost Collar: Client buys 1.3405 EUR Put / USD Call Client sells 1.38 EUR Call / USD Put CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123978 CONFIDENTIAL SDNY_GM_00270162 EFTA01461753