EFTA Document EFTA01472942

Subject: Short EURUSD Trades [C] From: Vahe Stepanian ‹ > Date: Wed, 29 Apr 2015 13:06:20 -0400 To: Jeffrey Epstein <jeevacation@gmail.com> Cc: Daniel Sabba Ariane Dwyer Richard Kahn Paul Morris Classification: Confidential Jeffrey- we think it makes sense to revisit bearish EURUSD trades given today's move. Refreshed levels are below. Please let us know should you wish to trade. Spot ref = 1.1150 Three alternatives: 1) Buy European Digital Put Option on EUR/USD Strike: Payout: Payout Ccy: Expiry: Premium Offer: USD 1.05 USD 1,000,000 Mon 02-Nov-2015 (6m) USD 200,000 (Mid = $185,000) 2) Buy European Put Option on EUR/USD EFTA01472942 Strike: Notional: Expiry: Premium Offer: 1.1050 EUR 10,000,000 Mon 02-May-2016 (1y) USD 385,000 (Mid $370,000) 3) Buy EUR/USD Put, sell EUR/USD call in a premium neutral Risk Reversal Put Strike: Call Strike: Notional: Expiry: Structure mid: Thank you, Vahe 1.07 1.1935 EUR 10,000,000 EUR Tue 02-May-2017 (2y) USD -47,000 Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email All trade execution information contained herein is being provided as an EFTA01472943 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 official 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. 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. EFTA01472944