From: "Barrett, Paul S" To: Jeffrey Epstein <[email protected]> CC: "Ens, Amanda" Subject: RE: Currency Idea Date: Fri, 02 Nov 2012 16:14:48 +0000 , "Giuffrida, David J" OK Might have another interesting mortgage bond to buy. Will be back shortly. Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 From: Jeffrey Epstein [mailto:[email protected]] Sent: Friday, November 02, 2012 11:19 AM To: Barrett, Paul S Cc: Ens, Amanda; Giuffrida, David J Subject: Re: Currency Idea No On Friday, November 2, 2012, Barrett, Paul S wrote: Jeffrey We have our MXN linked market plus note expiring today. Spot was up 3.5% but structured paid us 9.25% on our $1MM investment. I would like to switch the exposure to long MXN vs EUR. We would use a risk reversal as follows: Bearish EUR/MXN risk reversal 1 year Buy 16.60 EUR put / MXN Call Sell 18.00 EUR call / MXN Put with 20.00 at-expiry RKI Cashless Spot right now at 16.6800 I would like to do 54-5MM USD worth of this. The knock-in level was only briefly touched once in 2009. So I feel we have a good buffer on the downside. Our long CAD v JPY position also working nicely. JPY starting to weaken. EFTA00701474

Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group 7PMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://wwwtorgan.compagesidisclosurcskinail. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://vnvw.jpmorgan.comtpagcsedisclosurestemail. EFTA00701475