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2016 1:20 PM To: Richard Kahn Cc: Daniel Sabba; Ariane Dwyer EFTA01477769 Subject: RE: Brazil trade i
uy 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 Unsecured Spread: 396 bps EFTA01477771
2016 1:20 PM To: Richard Kahn Cc: Daniel Sabba; Ariane Dwyer Subject: RE: Brazil trade idea [C] Classi
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 Ranking: Sr Unsecured Spread: 396 bps
2016 1:20 PM To: Richard Kahn Cc: Daniel Sabba; Ariane Dwyer Subject: RE: Brazil trade idea [C] Classi
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 Ranking: Sr Unsecured Spread: 396 bps
Entities connected to both Ariane de Rothschild and Federative Republic

Jeffrey Epstein
PERSON
Paul Morris
PERSON
Ariane Dwyer
PERSON
Daniel Sabba
PERSON
Richard Kahn
PERSON
Marc Rich
PERSON
Bloomberg L.P.
ORGANIZATIONPetrobras
ORGANIZATIONPETROBRAS GLOBAL FINANCE
ORGANIZATIONSr Unsecured
ORGANIZATIONPETBRA
ORGANIZATION