From: Sent: To: Subject: Attachments: Tazia Smith 11/14/2013 3:43:16 PM Paul Morris Fw: BRL Notes marking down >20% [CI pic23008.gif; pic32311.gif classification: confidential Forwarded by Tazia Smith/db/dbcom on 11/14/2013 03:43 PM From: Tazia Smith/db/dbcom To: [email protected], Cc: Date: 11/12/2013 02:55 PM Subject: BlIt. Notes marking down >20% [C] Classification: confidential vahe Stepanian/db/dbcom@DBAmericas 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 your initial strike. The notes are marking down more than 20%. Barrier is European. Final valuation date on the notes are 3/20/14 and 4/14/14. Posting you and would like to get your view given the move and mark-to-market (vs. your -10% rule). Speak with you soon, (Embedded image moved to file: pic23008.gif) Tazia Smith Director I Key Client Partners - us Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax Mobil Email (Embedded image moved to file: pic32311.gif) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0030094 CONFIDENTIAL SDNY_GM_00176278 EFTA01344536