Epstein Secrets

6 +0000 Infirm-Images: image004.png; image005.png; image002.jpg Classification: Confidential Jeffrey, We looked into correlation of Jet Fuel with Brent, WTI and heating oil. See the correlation of weekly returns since Jan- 2012 below: With WTI: 80% With Brent: 88% With Heating oil: 82% Jet Fuel,

From: Daniel Sabba To: mjeffrey E."' <[email protected]> CC: Paul Morris , Todd Stevens , Stewart Oldfield , Vahe Stepanian , Ariane Dwyer , "'Richard Kahn"

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

athew Negus Vice President, KCP Americas COO Deutsche Asset & Wealth Management People Matt Glassman joins KCP US sales desk from Goldman Sachs Daniel Sabba will be joining at the end of September to lead KCP Capital Markets Business - KCP Americas strong YTD, first half of 2014 business surpassed 2013

n; Ariane Dwyer; FW: EOD Commodities Note - 1 ar Prateek Jain Sent: Tuesday, March 10, 2015 4:57 PM Subject: EOD Commodities Note - 10 Mar OIL Brent continued its downward momentum today as USD s=rength added to the physical market weakness in the NSea.. Iraq exports we=e higher for first week of

From: Sent: To: Cc: Subject: Classification: Confidential Daniel Sabba < Tuesday, March 10, 2015 8:58 PM [email protected]* Vahe Stepanian; Ariane Dwyer; FW: EOD Commodities Note - 1 ar Prateek Jain Sent: Tues

erage of settlement price of HO1 <comdty> on all commodity business days during Calculation Period. Notional: in gallons (e.g. 12,000,000 gallons) Brent (CO1) Historical Prices (September 2010 — September 2015) Options on Brent: Cal16 swap ref: 55.41 Cal16 APO (Average Price Option) Calls: Strike

/bbl 65: $4.13/bbl Single Asianed call, with Asianing period 1-Jan-16 to 31-Dec-16: Strike / Premium 55: $7.15/bbl 60: $5.03/bbl 65: $3.47/bbl Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email All trade execution information contained herein is being provided as an ac

big intraday move in oil=brought back gamma buyers and prompt vols were well bid at the open even a= crude traded unchanged for the day. And finally Brent rallied more than W=l, prompting better bids in Brent vol compared to WTI. Jun15 vol spread narrowed by 0.55 vol at the close an= still looks as an

From: Daniel Sabba <alb Sent: Tuesday, February 3, 2015 2:50 AM To: jeffrey E. Cc: Vahe Stepanian Subject: FW: EOD Commodities Note - 2 Feb [C) Classification:

fficial commented that a deal was 'closer and closer'. This optimism about an ag=eement, at least on some points, weighed heavily on oil today with Brent d=opping 2.5%. In my opinion, even if the talks end positively with agreemen= on key points, the deal has been softened enough compared to what was

From: Daniel Sabba Sent: Tuesday, March 31, 2015 8:07 PM To: jeffrey E. Cc: Vahe Stepanian; Ariane Dwyer Subject: FW: EOD Commodities Note - 31 Mar Prateek Jai