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sd-10-EFTA01479284Dept. of Justice

EFTA Document EFTA01479284

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Subject: Swaps + high dividends - an interesting combination... [C] From: Daniel Sabba <a> Date: Tue, 10 Feb 2015 19:31:10 -0500 To: jeffrey E. <jeevacation@gmail.com> Cc: Vahe Stepanian Paul Morris Richard Kahn Jay Lipman <jay.lipman@db.com> Classification: Confidential Jeffrey, We came across with the following structure that takes advantage of high dividends to finance the funding of an excess return swap with floored downside. I thought it was clever... Interested in hearing your

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Dept. of Justice
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sd-10-EFTA01479284
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