Epstein Secrets

575 Lexington Avenue 4th Floor New York, NY 10022 to fa Begin forwarded message: From: Vahe Stepanian To: Darren Indyke >, Richard Kahn < Cc: Daniel Sabba < , Ariane Dwyer < Subject: FW: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Date: April 9, 2015 at 1:27:32 PM EDT Cla

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] * Discount Factor — Bid/Offer Cost If this number is negative, then

4 on WTI trade thank you Richard Kahn HBRK Associates Inc. Begin forwarded message: From: Vahe Stepanian To: Darren Indyke < Richard Kahn Cc: Daniel Sabba < , Arlene Dwyer Subject: FW: Trade ecap - 2 2 5 - DB Commodity WTI hort Volatility II Index [C] Date: April 9, 2015 at 1:27:32 PM EDT Classific

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] Discount Factor — Bid/Offer Cost If this number is negative, then S

ank you Richard Kahn HBRK Associates Inc. tel fa cel Begin forwarded message: From: Vahe Stepanian < To: Darren Indyke >, Richard Kahn < Cc: Daniel Sabba < >, Ariane Dwyer Subject: FW: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Date: April 9, 2015 at 1:27:32 PM EDT Clas

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] • Discount Factor — Bid/Offer Cost If this number is negative, then

From: "jeffrey E." <[email protected]> To: Daniel Sabba < Subject: Re: Trade Recap - 01/13/2015 - DB Commodity WTI Short Volatility II Index [C] Date: Wed, 14 Jan 2015 15:09:13 +0000 ok On Wed, Jan 14,

heduled Expiry Date or earlier Strike: Underlying closing level on Effective Date Cash flows: On each reset date: EFTA00866675 Buyer receives: Notional / Strike * (Index closing level on reset date - Index closing level on previous reset date) For the first reset date, Index closing level on previous reset

From: Vahe Stepanian To: Jeffrey Epstein <[email protected]> CC: Daniel Sabba Richard Kahn Paul Morris , Ariane Dwyer Subject: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility H Index [C] Date: Thu, 02 Apr 2015

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] * Discount Factor — Bid/Offer Cost If this number is negative, then

the first time. EFTA01479038 We have our KCP capital markets launch call this week on Thursday where we will roll out KCP cap markets formally w Daniel Sabba and will also discuss ideas/performance. We also recently executed with PSQ (PB relationship), first transaction in Cap markets - Topix Swap, we we

e exit is on scheduled Expiry Date or earlier. Strike: Underlying closing level on Effective Date Cash flows: On each reset date: Buyer receives: Notional / Strike * (Index closing level on reset date — Index closing level on previous reset date) For the first reset date, Index closing level on previous reset d

sing level on previous reset date) For the first reset date, Index closing level on previous reset date = Strike Thank you for the trade, Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0059261 CONFIDENTIAL SDNY_GM_0020544

exit is on scheduled Expiry Date or earlier Strike: Underlying closing level on Effective Date Cash flows: On each reset date: Buyer receives: Notional / Strike * (Index closing level on reset date - Index closing level on previous reset date) For the first reset date, Index closing level on previous reset

From: Vahe Stepanian To: Jeffrey Epstein <[email protected]> CC: Daniel Sabba , Richard Kahn Paul Morris ,Ariane Dwyer Subject: RE: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Date: Mon, 06 Apr

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * [ Index closing level on Unwind Date — Index closing level on Last Reset Date ] * Discount Factor — Bid/Offer Cost If this number is negative, th

d I will call Darren for verbal confirmation. Thank you, Vahe From: Vahe Stepanian Sent: Monday, April 06, 2015 9:49 AM To: Jeffrey Epstein Cc: Daniel Sabba; Richard Kahn; Paul Morris; Ariane Dwyer Subject: RE: Trade Recap - 4/2/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confi

Trade recap: SOFL unwinds the REFERENCE trade noted below at the close today. Unwind Date: 2 Apr 2015 Final payment will be computed as: DB pays: Notional / Strike * Index closing level on Unwind Date — Index closing level on Last Reset Date ] Discount Factor — Bid/Offer Cost If this number is negative, then S

will be computed on Mon morning. Settlement Date: 7-Apr-15. I've attached the original trade confirm for your reference. Thank you, Vahe From: Daniel Sabba Sent: Tuesday, January 13, 2015 3:13 PM To: eevacationOurnail.com Cc: Paul Morris; Vahe Stepanian Subject: Trade Recap - 01/13/2015 - DB Commod

exit is on scheduled Expiry Date or earlier Strike: Underlying closing level on Effective Date Cash flows: On each reset date: Buyer receives: Notional / Strike * (Index closing level on reset date - Index closing level on previous reset date) For the first reset date, Index closing level on previous reset