Epstein Secrets

teresting combination... [C] From: Paul Morris Date: Tue, 10 Feb 2015 19:53:37 -0500 To: Stewart Oldfield ‹ > Classification: Confidential From: Daniel Sabba Sent: Tuesday, February 10, 2015 07:31 PM To: jeffrey E. <[email protected]> Cc: Vahe Stepanian; Paul Morris; Richard Kahn < >; Jay Lipman S

pricing. Structure linked to Stoxx Low Beta High Dividend Index Index Description The STOXX Europe Low Beta High Div 50 Index is derived from the STOXX Europe 600 Index. To be eligible for inclusion in the new index, companies must have a net dividend yield for the past twelve months that is higher than

From: Daniel Sabba Sent: 2/10/2015 7:31:10 PM To: jeffrey E. [jeevacation@ mail.comj CC: Vahe Ste anian j; Paul Morris-; Richard Kahn ; Jay Lipman Subject: S

ta being the last trading day of the previous month. Structure Terms Tenor: 5 Yrs Counterparty: Deutsche Bank Format: Swap Ccy: USD Underlying: STOXX Europe low Beta High Div 50 Price Return Index (SDB50EP Index) Participation Factor : 120% to the positive performance of the underlying (PF) Performance

From: Vahe Stepanian Sent: 3/6/2015 10:00:12 AM To: Paul Morris CC: Daniel Sabba Subject FW: Swaps + high dividends - an interesting combination... (CI Classification: Confidential Paul — pis see below. Fyi, pricing is stale.

ta being the last trading day of the previous month. Structure Terms Tenor: 5 Yrs Counterparty: Deutsche Bank Format: Swap Ccy: USD Underlying: STOXX Europe low Beta High Div 50 Price Return Index (SDB50EP Index) Participation Factor : 120% to the positive performance of the underlying CONFIDENTIAL — PU

02 Dec 04 Dec 06 Dec 06 Dec 10 Dec 12 —ST0XX Europe Low Beta High DW 50 Inger (PR) ---EuroS70xX 50 Index (PR) •—ST0XX Europe 600 roger 114R) Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Tel. +1 212 454 0857 Mobile +1 917 374 4185 Email [email protected] IRR since inception ST

ba Key Client Partners Deutsche Bank Securities Inc. Tel. +1 212 454 0857 Mobile +1 917 374 4185 Email [email protected] IRR since inception STOXX Europe Low Beta High Div 50 Index (PR) 6.80% SXSE Index Index (PR) 234% STOXX Europe 600 Index (PR) 4.42% YTD return 789% 3.76% 4.51% 1.month

ct: FW: Swaps + hi h dividends - an interesting combination... [C] From: Vahe Stepanian Date: Fri, 06 Mar 2015 10:00:12 -0500 To: Paul Morris Cc: Daniel Sabba Classification: Confidential Paul — pls see below. Fyi, pricing is stale. From: Daniel Sabba Sent: Monday, February 23, 2015 4:35 PM To: jeffrey

cture linked to Stoxx Low Beta High Dividend Index Index Description EFTA01472515 The STOXX Europe Low Beta High Div 50 Index is derived from the STOXX Europe 600 Index. To be eligible for inclusion in the new index, companies must have a net dividend yield for the past twelve months that is higher than

2015 7:53:37 PM To: Stewart 0ldfield Subject: Fw: Swaps + high dividends - an interesting combination... [Cl Classification: Confidential From: Daniel Sabba Sent: Tuesday, February 10, 2015 07:31 PM To: Jeffrey E. <[email protected]> Cc: Vahe Stepanian; Paul Morris; Richard Kahn 111111a ; Jay Lipm

a being the last trading day of the previous month. Structure Terms Tenor: 5 Yrs Counterparts,: Deutsche Bank Format: Swap Ccy: USD Underlying: STOXX Europe low Beta High Div 50 Price Return Index (SDB50EP Index) Participation Factor : 120% to the positive performance of the underlying (PF) Performance

c 02 Dec 04 Dec 06 Dec 08 Dec 10 Dec 12 — STOXX Ewope Low Beta High Div 50 Index (PR) — turosroxx 50 Index (PR) —STOXX Europe 600 index (PR) Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Return statistics IRR sex. ITICOP0071 STOXX Europe Low Beta High Ow 50 Index (PR) 6.80% S

00 150 125 100 75 50 Dec 02 Dec 04 Dec 06 Dec 08 Dec 10 Dec 12 — STOXX Ewope Low Beta High Div 50 Index (PR) — turosroxx 50 Index (PR) —STOXX Europe 600 index (PR) Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Return statistics IRR sex. ITICOP0071 STOXX Europe Low Beta High