From: "Barrett, Paul S" <

From: "Barrett, Paul S" < To: Jeffrey Epstein <jeevacation@gmail.com> CC: "Giuffrida, David J" Subject: RE: 3 things: Date: Thu, 14 Jun 2012 16:26:29 +0000 Jeffrey I think we should take $3MM of the $4MM coming back on the Altria note and do something like the following: 12 month SP500 Linked Note 20% buffer with continuous monitoring (barrier at 1060) Pays the greater of a 11% coupon up to a cap of 15% if we do not touch 1060 during the next 12 months 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 From: Jeffrey Epstein [mailto:jeevacation@gmail.com] Sent: Wednesday, June 13, 2012 3:02 PM To: Barrett, Paul S Subject: Re: 3 things: what other spreads.. 120 call etc. On Wed, Jun 13, 2012 at 10:16 AM, Barrett, Paul S < Jeffrey > wrote: 1. Our Altria Market Plus Note fixes today. We invested $3MM. Will get back around $4MM. We are looking at some alternatives. 2. Dec 2012 Brent is at 96.50. We can buy a 112 Call and sell a 82 Put. Cashless. 3. FINRA now requires us to ask about assets held away for each account. You can disclose it or decline to answer. Will address this when we next speak. Paul EFTA00936842 Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 This email is confidential and subject to important disclaimers and conditions including on offers for thepurchase or sale of securities accurac and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at 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 thepurchase or sale of securities accurac and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at EFTA00936843