Epstein Secrets

:38 AM Subject: RE: Levered plays on BASF, Allianz and Volkswagen [C] To: "jeffrey E." <jeevacation ail.com> Cc: Vahe Ste anian • Arian Dw er , Richard Kahn Classification: Confidential , Paul Morris We received the quanto USD prices for 3m 100% calls and 6m 90% calls. They work for a notional of USD

om> Cc: Vahe Ste anian • Arian Dw er , Richard Kahn Classification: Confidential , Paul Morris We

se alternatives tomorrow when European markets reopen. Will also connect with European colleagues to explore other opportunities, including credit. A. Quanto call options (denominated in USD). - The idea is to benefit on the performance in local currency in USD, without the need to hedge for EUR FX. B.

10:38 AM Subject: RE: Levered plays on BASF, Allianz and Volkswagen [C] To: "jeffrey E." <jeevacation :mail.com> Cc: Vahe St anian Arian Dw er , Richard Kahn Classification: Confidential Jeffrey, , Paul Morris We received the quanto USD prices for 3m 100% calls and 6m 90% calls. They work for a notiona

l.com> Cc: Vahe St anian Arian Dw er , Richard Kahn Classification: Confidential Jeffrey, , Paul M

se alternatives tomorrow when European markets reopen. Will also connect with European colleagues to explore other opportunities, including credit. A. Quanto call options (denominated in USD). - The idea is to benefit on the performance in local currency in USD, without the need to hedge for EUR FX. B.

6.15 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, We received the quanto USD prices for 3m 100

rris , Vahe Ste anian , Ariane Dwyer , Richard Kahn Subject: RE: Levered plays on BASF, Allianz and

se alternatives tomorrow when European markets reopen. Will also connect with European colleagues to explore other opportunities, including credit. A. Quanto call options (denominated in USD). - The idea is to benefit on the performance in local currency in USD, without the need to hedge for EUR FX. B.

From: Daniel Sabba To: "jeffrey E." <jeevacationggmail.com> CC: Vahe Ste mnian , Richard Kahn < Subject: RE: Levered plays on BASE Allianz and Volkswagen [C] Date: Tue, 14 Apr 2015 14:38:24 +0000 >, Ariane Dwyer , Paul Morris Classificati

acationggmail.com> CC: Vahe Ste mnian , Richard Kahn < Subject: RE: Levered plays on BASE Allianz and

se alternatives tomorrow when European markets reopen. Will also connect with European colleagues to explore other opportunities, including credit. A. Quanto call options (denominated in USD). - The idea is to benefit on the performance in local currency in USD, without the need to hedge for EUR FX. B.

Daniel From: Daniel Sabba Sent: Monday, April 13, 2015 2:41 PM To: 'jeffrey E.' Cc: Vahe Stepanian; Ariane Dwyer; Paul Morris; Richard Kahn Subject: Levered plays on BASF, Allianz and Volkswagen [C] Classification: Confidential Jeffrey, This is a first cut of what we are looking at fo

ahe Stepanian; Ariane Dwyer; Paul Morris; Richard Kahn Subject: Levered plays on BASF, Allianz and Volk

se alternatives tomorrow when European markets reopen. Will also connect with European colleagues to explore other opportunities, including credit. A. Quanto call options (denominated in USD). - The idea is to benefit on the performance in local currency in USD, without the need to hedge for EUR FX. B.