Epstein Secrets

Subject: Fw: Swaps + hi h dividends - an interesting combination... [C] From: Paul Morris Date: Tue, 10 Feb 2015 19:53:37 -0500 To: Stewart Oldfield ‹ > Classification: Confidential From: Daniel Sabba Sent: Tuesday, February 10, 2015

ssification: Confidential From: Daniel Sabba Sent: Tuesday, February 10, 2015 07:31 PM To: jeffrey E. <[email protected]> Cc: Vahe Stepanian; Paul Morris; Richard Kahn < >; Jay Lipman Subject: Swaps + high dividends - an interesting combination... [C] Classification: Confidential Jeffrey, We came

pricing. Structure linked to Stoxx Low Beta High Dividend Index Index Description The STOXX Europe Low Beta High Div 50 Index is derived from the STOXX Europe 600 Index. To be eligible for inclusion in the new index, companies must have a net dividend yield for the past twelve months that is higher than

From: Vahe Stepanian Sent: 3/6/2015 10:00:12 AM To: Paul Morris CC: Daniel Sabba Subject FW: Swaps + high dividends - an interesting combination... (CI Classification: Confidential Paul — pis see below. Fyi,

ta being the last trading day of the previous month. Structure Terms Tenor: 5 Yrs Counterparty: Deutsche Bank Format: Swap Ccy: USD Underlying: STOXX Europe low Beta High Div 50 Price Return Index (SDB50EP Index) Participation Factor : 120% to the positive performance of the underlying CONFIDENTIAL — PU

ntial Paul — pls see below. Fyi, pricing is stale. From: Daniel Sabba Sent: Monday, February 23, 2015 4:35 PM To: jeffrey E. Cc: Vahe Stepanian; Paul Morris; Ariane Dwyer Subject: FW: Swaps + high dividends - an interesting combination... [C] Classification: Confidential Resending... The payout is quan

cture linked to Stoxx Low Beta High Dividend Index Index Description EFTA01472515 The STOXX Europe Low Beta High Div 50 Index is derived from the STOXX Europe 600 Index. To be eligible for inclusion in the new index, companies must have a net dividend yield for the past twelve months that is higher than

From: Paul Morris Sent: 2/10/2015 7:53:37 PM To: Stewart 0ldfield Subject: Fw: Swaps + high dividends - an interesting combination... [Cl Classification: Confid

a being the last trading day of the previous month. Structure Terms Tenor: 5 Yrs Counterparts,: Deutsche Bank Format: Swap Ccy: USD Underlying: STOXX Europe low Beta High Div 50 Price Return Index (SDB50EP Index) Participation Factor : 120% to the positive performance of the underlying (PF) Performance