Epstein Secrets

irector Deutsche Bank Private Bank Office: Cell: From: Vahe Stepanian Sent: Friday, October 30, 2015 11:27 AM To: jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Richard Kahn Subject: Turkey and CNH [C] Classification: Confidential EFTA01404724 Jeffrey — we're following up

d skew, indicative pricing for ly, USD/CNH 6.5 — 7.0 call spread: Spot Ref: 6.3935 (pricing as of 10/27/15) Leg 1: European Option Call SOFL buys European USD Call on USD/CNH EFTA01404725 Strike: 6.5 Notional: USD 10,000,000 Expiry: Thu 27-Oct-2016 (ly) Premium: USD 287,100 (2.87%) Delta: 53% Strike vol: 6.

Subject: RE: Turkey and CNH [C] From: Vahe Stepanian sz: > Date: Fri, 30 Oct 2015 14:13:55 -0400 To: Paul Morris < Cc: Ariane Dwyer Daniel Sabba Classification: Confidential Paul — we just hit send on pricing and followed up with a call. We'll let you know if he comes back. T

ive pricing for ly, USD/CNH 6.5 — 7.0 call EFTA01475492 spread: Spot Ref: 6.3935 (pricing as of 10/27/15) Leg 1: European Option Call SOFL buys European USD Call on USD/CNH Strike: 6.5 Notional: USD 10,000,000 Expiry: Thu 27-Oct-2016 (ly) Premium: USD 287,100 (2.87%) Delta: 53% Strike vol: 6.24% Leg 2: Eur

sage From: jeffrey E. [[email protected]] Sent: Monday, November 02, 2015 05:23 AM Eastern Standard Time To: Vahe Stepanian Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Richard Kahn Subject: Re: Turkey and CNH [C] there was an election this weekend? shouldnt that have been part of t

d skew, indicative pricing for ly, USD/CNH 6.5 — 7.0 call spread: Spot Ref: 6.3935 (pricing as of 10/27/15) Leg 1: European Option Call SOFL buys European USD Call on USD/CNH Strike: 6.5 EFTA01475506 Notional: USD 10,000,000 Expiry: Thu 27-Oct-2016 (ly) Premium: USD 287,100 (2.87%) Delta: 53% Strike vol: 6.

alled Paul Morris Managing Director Deutsche Bank Private Bank From: Vahe Stepanian Sent: Friday, October 30, 2015 2:14 PM To: Paul Morris Cc: Ariane Dwyer; Daniel Sabba Subject: RE: Turkey and CNH [C] Classification: Confidential Paul — we just hit send on pricing and followed up with a call. We'll

d skew, indicative pricing for ly, USD/CNH 6.5 — 7.0 call spread: Spot Ref: 6.3935 (pricing as of 10/27/15) Leg 1: European Option Call SOFL buys European USD Call on USD/CNH Strike: 6.5 Notional: USD 10,000,000 Expiry: Thu 27-Oct-2016 (ly) Premium: USD 287,100 (2.87%) EFTA01475497 Delta: 53% Strike vol: 6.

irector Deutsche Bank Private Bank Office: Cell: From: Vahe Stepanian Sent: Friday, October 30, 2015 11:27 AM To: jeffrey E. Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Richard Kahn Subject: Turkey and CNH [C] Classification: Confidential Jeffrey — we're following up our phone calls

d skew, indicative pricing for ly, USD/CNH 6.5 — 7.0 call spread: Spot Ref: 6.3935 (pricing as of 10/27/15) Leg 1: European Option Call SOFL buys European USD Call on USD/CNH Strike: 6.5 Notional: USD 10,000,000 Expiry: Thu 27-Oct-2016 (ly) Premium: USD 287,100 (2.87%) EFTA01475488 Delta: 53% Strike vol: 6.

sage From: jeffrey E. [[email protected]] Sent: Monday, November 02, 2015 05:23 AM Eastern Standard Time To: Vahe Stepanian Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Richard Kahn Subject: Re: Turkey and CNH [C] there was an election this weekend? shouldnt that have been part of t

d skew, indicative pricing for ly, USD/CNH 6.5 — 7.0 call spread: Spot Ref: 6.3935 (pricing as of 10/27/15) Leg 1: European Option Call SOFL buys European USD Call on USD/CNH Strike: 6.5 Notional: USD 10,000,000 Expiry: Thu 27-Oct-2016 (ly) Premium: USD 287,100 (2.87%) Delta: 53% Strike vol: 6.24% Leg 2: Eur