Epstein Secrets

WTI trade thank you Richard Kahn HBRK Associates Inc. 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

o follow. EFTA00670830 Trade recap: OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodity WTI Short Volatility II Index Bloomberg Ticker: DBCMNSV2 Index Trade Date: 13 Jan 2015 Effective Date: 13 Jan 2015 Expiry Date: 13 Jan 2016 Resets at end of each calendar quarter. For clar

if ok for darren to sign and have SFL settle 152,705.94 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

o follow. EFTA00860050 Trade recap: OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodity WTI Short Volatility II Index Bloomberg Ticker: DBCMNSV2 Index Trade Date: 13 Jan 2015 Effective Date: 13 Jan 2015 Expiry Date: 13 Jan 2016 Resets at end of each calendar quarter. For clar

rren to sign and have SFL settle 152,705.94 on WTI trade thank 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

itial Margin on this trade is 5% of Notional. Official termsheet and confirm to follow. Trade recap: OTC index swap Buyer: Seller: Underlying: Bloomberg Ticker: Trade Date: Effective Date: Expiry Date: Resets at end of SOFL DBAG London DB Commodity WTI Short Volatility II Index DBCMWSV2 Index 13 Jan

.DE 9.80% 9.46% 159.6 12.35% 12.40% 226.15 Regards, Daniel From: Daniel Sabba Sent: Tuesday, April 14, 2015 10:38 AM To: 'jeffrey E.' Cc: Vahe Stepanian; Ariane Dwyer; Paul Morris; 'Richard Kahn' Subject: RE: Levered plays on BASF, Allianz and Volkswagen [C] Classification: Confidential Jeffrey, W

lls. Note that the pricing is in EUR, and assumes EUR 5mm notional, which is a minimum guideline to transact this OTC. American Calls: Volkswagen (Bloomberg Ticker VOW3 GY) Ref: 228.60 Expiry: July 15 2015 Strike: 230 Offer: 9.45 IV: 27.25 / 27.95 Delta: 0.45 BASF (Bloomberg Ticker BAS GY) Ref: 90

From: Vahe Stepanian To: Jeffrey Epstein <[email protected]> CC: Daniel Sabba Richard Kahn Paul Morris , Ariane Dwyer Subject: Trade Recap - 4/2/2015 - DB Com

o follow. Trade recap: EFTA00670640 OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodity WTI Short Volatility II Index Bloomberg Ticker: DBCMNSV2 Index Trade Date: 13 Jan 2015 Effective Date: 13 Jan 2015 Expiry Date: 13 Jan 2016 Resets at end of each calendar quarter. For clar

C] Classification: Confidential original Message From: Daniel sabba sent: 01/13/2015 03:12 Pm EST To: 'eevacatio nail.com Cc: Paul Morris; Vahe Stepanian Subject: Trade Recap - 01/13/2015 - DB Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey, per our phone conversati

et and confirm to follow. Trade recap: OTC index swap Buyer: SOFL Seller: DBAG London Underlying: DB Commodity WTI Short Volatility II Index Bloomberg Ticker: DBCMWSV2 Index Trade Date: 13 Jan 2015 Effective Date: 13 Jan 2015 Expiry Date: 13 Jan 2016 Resets at end of each calendar quarter. For clari

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

t and confirm to follow. Trade recap: OTC index swap Buyer: SOFL Seller: DRAG London Underlying: DB Commodity WTI Short Volatility II Index Bloomberg Ticker: DBCMNSV2 Index Trade Date: 13 Jan 2015 Effective Date: 13 Jan 2015 Expiry Date: 13 Jan 2016 Resets at end of each calendar quarter. For clar

irm 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 Commodity WTI Short Volatility II Index [C] Classification: Confidential Jeffrey, per our phone conversatio

et and confirm to follow. Trade recap: OTC index swap Buyer: SOFL Seller: DRAG London Underlying: DB Commodity WTI Short Volatility II Index Bloomberg Ticker: DBCMWSV2 Index Trade Date: 13 Jan 2015 Effective Date: 13 Jan 2015 Expiry Date: 13 Jan 2016 Resets at end of each calendar quarter. For clar