From: "Barrett, Paul S"

From: "Barrett, Paul S" To: Jeffrey Epstein <jeevacation@gmail.com> Subject: RE: Swap idea Date: Mon, 02 Apr 2012 15:38:59 +0000 All in +$180,000 (136K from interest and 46K from capital appreciation) Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 (W) (F) NMLS ID# From: Jeffrey Epstein [maittoleevacation@gmall.com] Sent: Monday, April 02, 2012 11:35 AM To: Barrett, Paul S Subject: Re: Swap idea p & I for the fords? On Mon, Apr 2, 2012 at 11:24 AM, Barrett, Paul S < Hi Jeffrey wrote: I think we should sell our $1.2MM of the Ford 7% 2015 (ytm 3.82%) and move into a 3yr Meritor Note yielding 6%. Meritor is a global auto parts supplier focused on commercial parts. We are OW the credit. I would recommend $1.SMM of this. Let me know. Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 (W) (F) NMLS ID# This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, EFTA00672138 and legal entity disclaimers, available at http://wwwj morgan.corn/pages/disclosures/email. 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.corn/pages/disclosures/email. EFTA00672139