Flight record (April 5, 2013)

(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