Epstein Secrets

the confirmation. Thank you, Vahe From: Vahe Stepanlan Sent: Monday, April 06, 2015 9:49 AM To: Jeffrey Epstein Cc: Daniel Sabba; Richard Kahn; Paul Morris; Mane Dwyer Subject: RE: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey — please fin

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] * Discount Factor — Bid/Offer Cost If this number is negative, then

the confirmation. Thank you, Vahe From: Vahe Stepanlan Sent: Monday, April 06, 2015 9:49 AM To: Jeffrey Epstein Cc: Daniel Sabba; Richard Kahn; Paul Morris; Mane Dwyer Subject: RE: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey — please fin

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] Discount Factor — Bid/Offer Cost If this number is negative, then S

the confirmation. Thank you, Vahe From: Vahe Stepanian Sent: Monday, April 06, 2015 9:49 AM To: Jeffrey Epstein Cc: Daniel Sabba; Richard Kahn; Paul Morris; Mane Dwyer Subject: RE: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] EFTA00860053 Classification: Confidential Jeffr

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] • Discount Factor — Bid/Offer Cost If this number is negative, then

hed the term sheet for this transaction. Official confirm to follow. Thank you, Daniel From: Daniel Sabba/db/dbcom To: jeevacation am n. Cc: Paul Morris. Date: 01/13/2015 03:12 PM Subject: Trade Recap - 01/13/2015 - DB Commodity WTI Short Volatility II Index [C) Classification: Confidential Jeff

heduled Expiry Date or earlier Strike: Underlying closing level on Effective Date Cash flows: On each reset date: EFTA00866675 Buyer receives: Notional / Strike * (Index closing level on reset date - Index closing level on previous reset date) For the first reset date, Index closing level on previous reset

l trade confirm for your reference. Thank you, Vahe From: Daniel Sabba Sent: Tuesday, January 13, 2015 3:13 PM To: [email protected] Cc: ; Paul Morris; Vahe Stepanian Subject: Trade Recap - 01/13/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey, per our p

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] * Discount Factor — Bid/Offer Cost If this number is negative, then

e: 7 Apr 2015 Thank you, Vahe From: Vahe Stepanian Sent: Thursday, April 02, 2015 3:00 PM To: Jeffrey Epstein Cc: Daniel Sabba; 'Richard Kahn'; Paul Morris; Mane Dwyer Subject: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey — today we unwou

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * [ Index closing level on Unwind Date — Index closing level on Last Reset Date ] * Discount Factor — Bid/Offer Cost If this number is negative, th

bal confirmation. Thank you, Vahe From: Vahe Stepanian Sent: Monday, April 06, 2015 9:49 AM To: Jeffrey Epstein Cc: Daniel Sabba; Richard Kahn; Paul Morris; Ariane Dwyer Subject: RE: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey — please f

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] Discount Factor — Bid/Offer Cost If this number is negative, then S