Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New Y Tel: Mobil Fax: E-mai From: Jeffrey Epstein [[email protected]] Sent: 12/17/2013 10:13 AM EST To: Tazia Smith; Paul Morris Subject: Re: BRL Notes... [C] why did it take so long to get it? On Tue, Dec 17, 2013 at 10:11 AM, Tazia Smith wrote: 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-Smos. Please see below/attached and call us to discuss. (1) 3/20/14 Note - marking down, -22%. 15% european barrier (= 2.2562). Initial strike 1.9619. Current USDBRL spot -.2.3267, -18%. (2) 4/14/14 Note - marking down -19%. 15% european barrier (=2.3040). Initial strike 2.0035. current USDBRL spot .,2.3267, -16%. Payout: a) make 28.5% if BRL is up more than 3% vs. USD at maturity, b) make 5% if BRL is up between 0-3% vs USD, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs use at maturity (max loss 100%) Forwarded by Tazia Smith/db/dbcom on 12/16/2013 02:14 PM From: Tazia Smith/db/dbcom To: jeevacationegmail.com, Cc: vahe Stepanian Date: 11/12/2013 02:55 PM Subject: BRL Notes marking down >20% [C] Classification: Confidential CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0030359 CONFIDENTIAL SDNY_GM_00176543 EFTA01344654