Epstein Secrets

ODS 900 Model N Inc USD Technology 0.00% (113,950) 518.234 20.Mar.13 15.50 20.26 14284 20-Mar-13 HE 4,000 Hawaiian Electric Inds USD Utilities 4.74% (1107,000) 5107.398 20.Mar.13 26.75 26.85 5398 21-Mar-13 ENTA 400 Enanta Pharmaceuticals Inc USD mourner. Non-cyclic 0.00% (15.6

000nualtin Global Investment Opportunities Group Account Position and MTM Summary (Open Positions) Prepared for Southern Trust as of May 31, 2013 J.P. Morgan Securities LLC. Current FX & Commodity rates USOMXN 12.7995 XAUUSO USOARS 5.2846 USD2AR USOCHF 0.9547 USDCAD 1388 09 100612 1.0368 GBN.ISD EURUSD US

ors —2011 Worst Performance Sectors Payout Ratios are at Historic Lows Jan-10 Apr-10 Source: Bloomberg, As of 1/4/12 Jul-10 Oct-10 Jan-11 9 Utilities, Healthcare, Telecom I Financials, Materials, Industrials Apr-11 Jul-11 Oct-11 Jan-12 J.P.Morgan EFTA_R1_02049751 EFTA02696373 Tactical Op

bsidiaries. Bank products and services are offered by JPMorgan Chase Bank. N.A. and its affiliates. Securities products and services are offered by J.P. Morgan Securities LLC. member NYSE. FINRA and SIPC. J.P. Morgan Securities LLC is an affiliate of JPMorgan Chase Bank. N.A. and other affiliates globally as local legisl

/15/2014 4.988% 8a3 BBB- Financial 1,000 COMPANY GUARNT 629377BN I 2,000 NRG ENERGY INC 7.545% 01/15/2018 103.500 6.868% 6.868% ei BB. Utilities 2.000 COMPANY GUARNT 912656AG0 267 US STEEL CORP 7.050% 02/01/2018 105.250 5.905% 5.905% 81 ea Basic Materna, 1.000 SR UNSECURED 12686C

0 COMPANY GUARNT Bank products and services are offered by JPMorgan Chase Bank. NA. and its athletes Securities products and services are offered by J.P. Morgan Securities LLC.. member NYSE. FINRA and SIPC. This material is not Intended as an offer or solicitation for the purchase or sale of any financial Instrument. J.P.

al obligation bonds accounted for 5 defaults; 29 were related to housing; 22 for hospitals and healthcare; 3-4 each for education and infrastructure. Utilities and cities registered 2 each, while counties, special districts, and water & sewer and experienced | each. The average recovery for defaulted munis w

tivities. Bank, trust and investment management services are provided by JP Morgan Chase Bank, NA, and its affiliates. Securities are offered through J.P. Morgan Securities LLC (JPMS), Member NYSE, FINRA and SIPC, and its affiliates globally as local legislation permits. Securities products purchased or sold through JPMS are

il Bovespa 58383 2.6% Information Tech. 15.6% 16.1% -5.2% 19.3% Hang Seng 22111 22.1% Telecommunications 21.9% -3.4% -1.3% 12.2% Shanghai SE 2117 42% Utilities 47% 8.2% -20.4% 5.2% *Levels/returns as of Nov 08, 2012 Overall 15.6% 13.2% 4.4% 12.2% Local currency except MSCI EM $ Source: J.P. Morgan HOUSE_O

cy of research, client feedback, competitive factors, and overall firm revenues. Other Disclosures J.P. Morgan ("JPM") is the global brand name for J.P. Morgan Securities LLC ("JPMS") and its affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities and