Epstein Secrets

Subject: RE: Energy Renaissance E uities + Trade idea: KI Brent puts [C) From: Tazia Smith < Date: Mon, 03 Mar 2014 14:32:52 -0500 To: Cc: Paul Morris Vahe Stepanian < Classification: Confidential Yes, will do - thanks Jeanne! (Embe

To: Cc: Paul Morris Vahe Stepanian < Classification: Confidential Yes, will do - thanks Jeanne! (Embedded image moved to file: pic26026.gif) Tazia Smith Director I Key Client Partners - US Deutsche Deutsche 345 Park New York Tel. Fax Mobile Email Bank Securities Inc Asset & Wealth Managemen

rong quarter (see chart below, still interesting); this is a small-cap ($879mm market cap) US nat gas/crude E&P name. Also below is a short play on Brent (depending on your view): It's a 107 strike put on Jul14 Brent crude (thus expires in June, -3mos). Spot ref for Ju114 crude is 110.6 (thus in-the-

From: Sent: To: CC: Subject: Attachments Tazia Smith 11/5/2013 1:52:50 PM [email protected] 1 Paul Morris Stepanian Brent Solutions (CI pic19678.gif; pic00922.gif; pic26227.gif; pic04017.gif

l l; Caroline Kitidis Jeffrey - Below please find solutions that can be combined to reflect your view that transport/supply constraints will cause Brent to spike within the next S-6months for a brief (-2 week) period; your objective is to monetize both the potential upside spike and downward reversi

Mann Director, KCP U.S. Sales New York, North East, South East Thomas O'Rorke Director, KCP U.S. Sales New York, Mid Atlantic, Mid & South West Tazia Smith Director, KCP U.S. Sales New York, West Coast Matt Glassman P U.S. Sales even Quinn Associate, KCP U.S. ay ipman Analyst, KCP U.S. Ariane Dw

a Delta One note or Total Return Swap Source: Bloomberg Finance LP, Deutsche Bank Research European Oil Sensitivity Basket Outperforms market when Brent rises (1) For additional detail on basket holdings please see Appendix Deutsche Asset & Wealth Management For Internal Use Only 22 EFTA0147079