Epstein Secrets

n's actions in August (see chart below), we see b=ying USD call/ SAR put options as an interesting risk reward. USD/KZT lyr<=o:p> </=pan> Source: Bloomberg 11/05=2015 Nicole Wolf I J.P. Morgan Securitie= LLC I J.P. Morgan Private Bank I JP Morgan Chase Bank, N.A. I 320 Park Ave,=Floor 14, New York, NY

le at http://www.jpmorgan.com/pages/disclosu=es/email <http://www.=pmorgan.com/pages/disclosures/email> . The mat=rial on this page was prepared by an Associated Person with responsibilitie= for the marketing and sale of swaps and OTC financial derivatives. All que=tions related to swaps and OTC financial derivatives referenced in these

yield, we would look to=do a total return swap on the index to obtain long exposure. Best, Nicole lyr STOXX Europe 600 Real Estate Index Source: Bloomberg 11/05/2015 Best, Nicole Nicole Wolf I J.P. Morgan Securitie= LLC J.P. Morgan Private Bank I JP Morgan Chase Bank, N.A. I 320 Park Ave,=Floor 14,

le at http://www.jpmorgan.com/pages/disclosu=es/email <http://www.=pmorgan.com/pages/disclosures/email> . The mat=rial on this page was prepared by an Associated Person with responsibilitie= for the marketing and sale of swaps and OTC financial derivatives. All que=tions related to swaps and OTC financial derivatives referenced in these

R1_01616291 EFTA02493161 Source: JP Morgan a=d Bloomberg, July 2015 This material is in=ended as a genera

http://www.jpmorga=.com/pages/disclosures/email <http://www=jpmorgan.com/pages/disclosures/email> . r-/p> The mate=ial on this page was prepared by an Associated Person with responsibilitie= for the marketing and sale of swaps and OTC financial derivatives. All qu=stions related to swaps and OTC financial derivatives referenced in these