Epstein Secrets

against USD. Already, the Saudis have spent a large amount of reserves defending their peg. We like positioning for this using optionality. Paul Paul Barrett I Managing Director I Global Investment Opportunities Group I J.P. Morgan Securities LLC I J.P. Morgan Private Bank I J.P. Morgan Chase Bank N.A. 3

cating potential upside of-17% § Eurostoxx 50 Structure - the spike in volatility allows for some interesting structured note pricing linked to the Eurostoxx 50 whereby you can get 26% downside protection with unlimited upside for 18 months § CDX High Yield Tranche o Outside of a few select single credi

side. If we finish below 85% of Initial then we are simply long from Initial. Currency hegded Let me know. Paul EFTA_R1_00440442 EFTA01963948 Paul Barrett I Managing Director I Global Investment Opportunities Group 13.P. Morgan Private Bank I 320 Park Avenue, 14" Floor, New York, NY 10022 I T: (212) 62

rust. The data continues to get marginally better in Europe. While we have a little exposure in Southern Financial, I would like to add $2MM to the Eurostoxx 50 Index via a Market Plus note: 18 months Unlimited upside Pays the greater of a 3.5% coupon or the upside of the index with a 15% at expiry buff

From: Paul Barrett Sent: Friday, September 22, 2017 1:58 PM To: Jeffrey E. Subject: Re: Into year end I am going to put $2.5mm into a Eurostoxx note that is prot

From: Paul Barrett Sent: Friday, September 22, 2017 1:58 PM To: Jeffrey E. Subject: Re: Into year end I am going to put $2.5mm into a Eurostoxx note that is protected down 27%, unlimited upside, no euro risk. A good placeholder for Europe. Paul Barrett On Sep 22, 2017, at 9:19 AM, jeffrey