BRL Notes marking down >20% [C (Tazia Smith/db/dbcom, 11/12/2013)

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-Smos. 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 BR