From: "Barrett, Paul S"

From: "Barrett, Paul S" To: Brad Wechsler <1 CC: "Jeffrey Epstein (jeevacation@gmail.com)" <jeevacation@gmail.com>, Richard Kahn >, Barrett Team czi Subject: Frontier bonds for Leon Date: Wed, 09 Nov 2016 15:18:24 +0000 Brad I think we should buy Frontier 10.50% 2022 bonds for Leon. Bonds have sold off 5 points from 2 months ago. They offer a 9.75% yield. We think they will cut their common dividend which could see these bonds rally 5-7 points. $1-2MM makes sense. Paul Paul Barrett I Managing Director j Global Investment Opportunities Group j 3.P. Morgan Securities LLC I 3.P. Morgan Private Bank I 3.P. Morgan Chase Bank N.A. 320 Park Avenue, 14th Floor, New York, NY 10022 I T: F: NOT AN OFFICIAL CONFIRMATION: For informational purposes only. This report does not represent an official account of the holdings, balances, or transactions made in your account and is being provided at your request. Please refer to your monthly account statement for the official record of all of your account activities. For question, please call your J.P. Morgan representative. In discussion of options and other strategies, results and risks are based solely on hypothetical examples cited; actual results and risks will vary depending on specific circumstances. Investors are urged to consider carefully whether option or option-related products in general, as well as the products or strategies discussed herein are suitable to their needs. In actual transactions, the client's counterparty for OTC derivatives applications is JPMorgan Chase Bank, N.A., and affiliates. For a copy of the "Characteristics and Risks of Standardized Options" booklet, please contact your JPMorgan Advisor. 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 I tp://www.ipmorgan.com/pages/disclosures/email. 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:f/www.jpmorgan.comlpages/disclosures/email EFTA01062800