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sd-10-EFTA01462095Dept. of JusticeOther

EFTA Document EFTA01462095

cheapening, the payout ratio falls below 2 ly ATMF / ATMF +3% call spread: 0.567% / 0.74% Strikes: 6.2704 / 6.4585 Call spread costs 39.2% lesser than the vanilla ATMF call Max payout of 4.1m for premium of lm (quite acceptable) Kind regards, Apurva (Embedded image moved to file: pic03093.gif) Apurva Gupta Associate I Key client Partners capital Markets Group Deutsche CIB Centre Private Limited Asset and wealth Management Block B1, Nirlon Knowledge Park Goregaon (E), 400063 Mumbai,

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Dept. of Justice
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sd-10-EFTA01462095
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cheapening, the payout ratio falls below 2 ly ATMF / ATMF +3% call spread: 0.567% / 0.74% Strikes: 6.2704 / 6.4585 Call spread costs 39.2% lesser than the vanilla ATMF call Max payout of 4.1m for premium of lm (quite acceptable) Kind regards, Apurva (Embedded image moved to file: pic03093.gif) Apurva Gupta Associate I Key client Partners capital Markets Group Deutsche CIB Centre Private Limited Asset and wealth Management Block B1, Nirlon Knowledge Park Goregaon (E), 400063 Mumbai,

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cheapening, the payout ratio falls below 2 ly ATMF / ATMF +3% call spread: 0.567% / 0.74% Strikes: 6.2704 / 6.4585 Call spread costs 39.2% lesser than the vanilla ATMF call Max payout of 4.1m for premium of lm (quite acceptable) Kind regards, Apurva (Embedded image moved to file: pic03093.gif) Apurva Gupta Associate I Key client Partners capital Markets Group Deutsche CIB Centre Private Limited Asset and wealth Management Block B1, Nirlon Knowledge Park Goregaon (E), 400063 Mumbai, India Tel. +91 22 6181 2309 Mobile +91 9167585420 Email apurva.gupta@db.com (Embedded image moved to file: pic13608.gif) I From: ITazia Smith/db/dbcomODBAMERICAS I To: luzair Acieel/db/dbcom008EmEA, I cc: IApurva Gupta/db/dbcomdidbapac, Nav Gupta/db/dbcomddbemea, Paul Morris/db/dbcomODBAMERICAS, Vi nit Sahni/db/dbcomOdbemea, vahe IStepanian/db/dbcom008Americas I Date: 108/11/2014 11:59 PM I Subject: I CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 124463 CONFIDENTIAL SDNY_GM_00270647 EFTA01462095

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Emailapurva.gupta@db.com
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