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sd-10-EFTA01387392Dept. of Justice

EFTA Document EFTA01387392

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the dislocation in EM continues and we'd like to offer the below idea that can be traded in a note format and offers a 17-18% annual net coupon. If you don't like Turkey, but would like to see a similar payout structure in Brazil, Mexico, Rubble or a basket or EM currencies, we can price that up as well. this is not principal-protected (client is short an at-expiry knock-in barrier = EKI) but the whole point is that spot, forwards and vol are currently extended and 2 out of 3 (forwards + vol

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Dept. of Justice
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sd-10-EFTA01387392
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