From: Jeffrey Epstein <jeevacationggmail.com>

From: Jeffrey Epstein <jeevacationggmail.com> To: Tazia Smith < >, Paul Morris < Subject: Re: BRL Notes... [C] Date: Tue, 17 Dec 2013 15:13:24 +0000 Inline-Images: unnamed; unnamed(1) > why did it take so long to get it? On Tue, Dec 17, 2013 at 10:11 AM, Tazia Smith cj > wrote: Classification: Confidential Good Morning Jeffrey - Per your request, sending full detail on your BRL notes. European barriers of 2.2562 and 2.3040 to get your principal back in —4-5mos. Please see below/attached and call us to discuss. (1) 3/20/14 Note - marking down, —22%. 15% european barrier (= 2.2562). Initial strike 1.9619. Current USDBRL spot -2.3267, -18%. (2) 4/14/14 Note - marking down —19%. 15% european barrier (=2.3040). Initial strike 2.0035. Current USDBRL spot -2.3267, -16%. Payout: a) make 28.5% if BRL is up more than 3% vs. USD at maturity, b) make 5% if BRL is up between 0-3% vs USD, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) Forwarded by From: To: Cc: Date: Subject: on 12/16/201302:14 PM --- jeoyaca oniagmail corn 11(12/2013 02:55 PM BRL Notes marking down >20% LC] Classification: Confidential Jeffrey - You're long 1mm USD each of BRL step up notes in Southern Trust from JP. The notes have a 15% barrier and BRL is presently down —17% vs. USD from your initial strike. The notes are marking down more than 20%. Barrier is European. Final valuation date on the notes are 3/20/14 and EFTA01140716 4/14/14. Posting you and would like to get your view given the move and mark-to-market (vs. your -10% rule). Speak with you soon. Tazia Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue. 26th Floor New York. NY 10154 This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. 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 EFTA01140717