Epstein Secrets

Subject: FW: Brazil trade idea [C] [I] From: Vahe Stepanian < IMMEIMM> Date: Mon, 28 Mar 2016 13:35:28 -0400 To: Paul Morris ‹ > Classification: For internal use only Friday From: Paul Morris Sent: Monday, March To: Vahe Stepanian Subject: RE: Brazil 28, 2016 1:30 PM

I] From: Vahe Stepanian < IMMEIMM> Date: Mon, 28 Mar 2016 13:35:28 -0400 To: Paul Morris ‹ > Classification: For internal use only Friday From: Paul Morris Sent: Monday, March To: Vahe Stepanian Subject: RE: Brazil 28, 2016 1:30 PM trade idea [C] Hi no problem thanks Btw when is Ari last day? O

ou please provide pricing on the following: Buy Buy CDS Protection EFTA01477770 Bond: PETBRA 5 1; 01/27/21 Contract: Brazil 5yr CDS Issuer: PETROBRAS GLOBAL FINANCE Underlying Issuer: Federative Republic of Brazil ISIN: US71645WAR25 Maturity: 06/20/21 Ratings: B3/B+/BB+ Coupon: 100 bps Ranking: Sr Uns

Subject: RE: Brazil trade idea [C] From: Paul Morris ..z > Date: Mon, 28 Mar 2016 13:29:39 -0400 To: Vahe Stepanian ‹ > Hi no problem thanks Btw when is Ari last day? Original Message From: Vahe

trade idea can you please provide pricing on the following: Buy Buy CDS Protection Bond: PETBRA 5 101/27/21 Contract: Brazil 5yr CDS Issuer: PETROBRAS GLOBAL FINANCE Underlying Issuer: Federative Republic of Brazil EFTA01477766 ISIN: US71645WAR25 Maturity: 06/20/21 Ratings: B3/B+/BB+ Coupon: 100 bps R

Subject: FW: Brazil trade idea [C] From: Vahe Stepanian Date: Mon, 28 Mar 2016 13:27:58 -0400 To: Paul Morris ‹ > Classification: Confidential FYI, meant to CC you. Will add you if they come back. Thanks, Vahe From: Vahe Stepanian Sent: Monday, March 28,

trade idea can you please provide pricing on the following: Buy Buy CDS Protection Bond: PETBRA 5 101/27/21 Contract: Brazil 5yr CDS Issuer: PETROBRAS GLOBAL FINANCE Underlying Issuer: Federative Republic of Brazil ISIN: US71645WAR25 Maturity: 06/20/21 Ratings: EFTA01477763 B3/B+/BB+ Coupon: 100 bps R