EFTA Document EFTA01388210

Paul, we have done some more homework with research and trading, let's discuss the below. Thanks Bond ISIN CCY Size(bio) Maturity Type ARGENT 5 % US040114HQ69 USD 01/11/28 Corp ARGENT 5 'A X51715303779 EUR 01/15/28 Corp ARGENT 7.82 X50205545840 12/31/33 Corp 4.20 1.00 1I-Jan- 28 15-Jan- 28 ('lean Bond Price Con pun Bullet 95.62% 5.87% Ballot 100.45% 5.25% EUR 2.20 3I-Dcc- 3 Amortizing 114.25% « OLE Object: Picture (Device Independent Bitmap)» Cross Currency Prices 1) EUR ARGENT 2028 Notional Exchange EUR Notional USD Notional Swap Start Swap End Client Pays to 15 Jan 19 Client Recs Floating to 15 Apr 18 Client Recs Fixed Start to 15 Jul 18 Initial and Final [ ]mio EUR Notional * 1.2340 T+2bd 15 Jan 2028 EUR Notional • 5.25% USD Notional " [ 3m Libor + 5.00% ] USD Notional * [ 7.90%J 2) EUR ARGENT 2033 Notional Exchange Intermediate and Final EUR Notional [ ) mio, subject to the amortization USD Notional EUR Notional • 1.2340 Swap Start Swap End Client Pays Jun 18 Client Receives Client Recs Floating to 29 Jun 18 Client Recs Fixed 18 T+2bd 31 Dec 2033 EUR Notional • 7.82% 7.82% Last Next Fixed Floating Ba,is (Q, Coupon Coupon (Semi,30/360) Act/360) Semi, 11-Jan- 11-Jul- 30/360 18 18 Ann 15-Jan- 15-Jan- Act/Act 18 19 Semi. 31-Dec- 29-Jun- 30/360 17 18 6.48% 3.68% 7.90% 5.00% 9.30% 6.30% (Ann, Act/Act) First Full Coupon 15 Jan 18 (Quarterly, Act/360) First Short Coupon Swap Start (Semi, 30/360) First Short Coupon Swap (Semi, 30/360) First Full Coupon 31 Dec 17 to 29 EUR Notional • 14.50% Upfront (Difference between Dirty Price and Par) USD Notional * [ 3m Libor + 6.30% I (Quarterly, Act/360) First Short Coupon Swap Start USD Notional • [ 9.30% 1 (Semi, 30/360) First Short Coupon Swap Start to 29 Jun Set Date Pay Date EUR Notional % Factor % EUR Notional EUR Amortization Coupon (Semi, 30/360) Coupon EUR CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0091649 CONFIDENTIAL SDNY GM_00237833 EFTA01388210