Pinehurst "Russell 3000" Collateralized Note (Xavier Avila, 01 Dec 2017)

Subject: Pinehurst "Russell 3000" Collateralized Note From: Xavier Avila <xavier.avila@db.com> Date: Fri, 01 Dec 2017 17:06:38 -0500 To: "Paul Barrett ( Richard Kahn Cc: Stewart Oldfield Martin Zeman Vahe Stepanian Joshua Shoshan Paul, this is the rationale and economics Collateralized Note that we discussed today. We can get in a call next week with the experts if you want to understand the collateralization mechanism and the legal enforceability issues. I can also send you the Pro