Epstein Secrets

r 3O16 • Health of the leasing environment, with national momentum generally healthy • Supply in the major markets, and impact on pricing power Deutsche Bank Securities Inc. Page 37 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0092964 CONFIDENTIAL SDNY_GM_00239148 EFTA01388953

n remains an overhang 'Figure 66: 1-Month Office performance 'Figure 67: YTD Office performance .01% 2% 'a'''. ""“a a ir • a 1 r”Sit 11 Smarr Offka Mks 60% -1111iliffi 90% esfriseentottneri 0 >#,1141 040-40,1 I4011 is* (Me se Wee 494, 01.540,1? As of 10/14/16 As of 10/14/16 Sowe

options are annualized: strices are chosen corresponding to 2%/12 premium. Please see the Appendix for an expanded table of all strategies studied Deutsche Bank Securities Inc. Page 7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055504 CONFIDENTIAL SDNY_GM_00201688 EFTA01364944

rolled after 24M 260 240 • 220 • 200 • 180 160 140 —Equity Outright ATM Spread. ATM - 6% —Spread. ATM • 2% —Spread. ATM - 1M 2% Dei>04 Smarr: ones. Rank Mamba, Wan:et. Cleo-06 DecOS Dec-10 No-12 In the following section we show results for only a select number of strategies studied.

options are annualized: strices are chosen corresponding to 2%/12 premium. Please see the Appendix for an expanded table of all strategies studied Deutsche Bank Securities Inc. Page 7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055591 CONFIDENTIAL SDNY_GM_00201775 EFTA01365006

rolled after 24M 260 240 • 220 • 200 • 180 160 140 —Equity Outright ATM Spread. ATM - 6% —Spread. ATM • 2% —Spread. ATM - 1M 2% Dei>04 Smarr: ones. Rank Mamba, Wan:et. Cleo-06 DecOS Dec-10 No-12 In the following section we show results for only a select number of strategies studied.

options are annualized: strices are chosen corresponding to 2%/12 premium. Please see the Appendix for an expanded table of all strategies studied Deutsche Bank Securities Inc. Page 7 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0056041 CONFIDENTIAL SDNY_GM_00202225 EFTA01365336

rolled after 24M 260 240 • 220 • 200 • 180 160 140 —Equity Outright ATM Spread. ATM - 6% —Spread. ATM • 2% —Spread. ATM - 1M 2% Dei>04 Smarr: ones. Rank Mamba, Wan:et. Cleo-06 DecOS Dec-10 No-12 In the following section we show results for only a select number of strategies studied.