Epstein Secrets

orris I; Vahe Stepanian Subject: BBL (just fyi post-fed) [CI Attachments: pic15670.gif; pic04291.gif; pic26430.gif Classification: Confidential Jeffrey - EM responding well to FOMC decision. USDBRL off its lows back at —2.32. Your barriers in 3-4mos are 2.2562 and 2.3040. USDBRL Intraday Price Ac

Date: 12/17/2013 10:11 AM Subject: BRL Notes... [C] Classification: Confidential Paul Morris, vahe stepanian/db/dbcomODBAmericas Good Morning Jeffrey - Per your request, sending full detail on your BM_ notes. European barriers of 2.2562 and 2.3040 to get your principal back in -4-5mos. Please see below

D, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) [attachment "HSBC BRL Step Up - TD April 5, 2013.pdf" deleted by Tazia smith/db/dbcom] (attachment "HSBC BRL step up - TD March 13, 2013.pdf" deleted by Tazia Smith/db/dbcom]

13 10:11 AM EST To: 'eevacation@ mail.com Cc: ; Paul Morris; Vahe Stepanian Subject: BRL Notes... [C] Classification: Confidential Good Morning Jeffrey - Per your request, sending full detail on your BRL notes. European barriers of 2.2562 and 2.3040 to get your principal back in -4-5mos. Please see below

:14 PM From: To: [email protected], Cc: Date: 11/12/2013 02:55 PM Subject: BRL Notes marking down >20% [C] Classification: Confidential Jeffrey - You're long 1mm USD each of BRL step up notes in Southern Trust from JP. The notes have a 15% barrier and BRL is presently down -17% vs. USD from

et your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) (See attached file: HSBC BRL Step Up - TD April 5, 2013.pdf) (See attached file: HSBC BRL Step Up - TD March 13, 2013.pdf) EFTA01351267 Forwarded by on 12/16/2013 02:14 PM From:

th < Date: Tue, 17 Dec 2013 10:11:51 -0500 To: eevacation@•mail.com Cc: Paul Morris Vahe Stepanian < Classification: Confidential Good Morning Jeffrey - Per your request, sending full detail on your BRL notes. European barriers of 2.2562 and 2.3040 to get your principal back in -4-5mos. Please see below

To: [email protected], Cc: Date: 11/12/2013 02:55 PM Subject: BRL Notes marking down >20% (C] EFTA01351265 Classification: Confidential Jeffrey - You're long 1mm USD each of BRL step up notes in Southern Trust from JP. The notes have a 15% barrier and BRL is presently down -17% vs. USD from

et your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) (See attached file: HSBC BRL Step Up - TD April 5, 2013.pdf) (See attached file: HSBC BRL Step Up - TD March 13, 2013.pdf) Forwarded by Tazia Smith/db/dbcom on 12/16/2013 02:14 PM

zia Smithldbidbcom To. moo Cc. Vahe Stepania Date. 11112:2013 02.55 PM Subject BRL Notes marking rime >20% ICI Classification: Confidential Jeffrey - You're long 1mm USD each of BRL step up notes in Southern Trust from JP. The notes have a 15% barrier and BRL is presently down —17% vs. USD from

D, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) [attachment "HSBC BRL Step Up - TD April 5, 2013.pdf' deleted by Tazia Smith/db/dbcom] — Forwarded by Tazia Sm4h/dbidbcom on 12/16,2013 0214 PM --- From. Tazia Smithldbidbcom

m: Tazia Smith < Date: Wed, 18 Dec 2013 15:04:17 -0500 To: [email protected] Cc: Paul Morris < Vahe Stepanian Classification: Confidential Jeffrey - EM responding well to FOMC decision. USDBRL off its lows back at -2.32. Your barriers in 3-4mos are 2.2562 and 2.3040. USDBRL Intraday Price Ac

SD, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) attachment "HSBC BRL Step Up - TD April 5, 2013.pdf" deleted by [attachment "HSBC BRL Step Up - TD March 13, 2013Wdeleted Forwarded by Tazia Smith/db/dbcom on 12/16/2013 02: