PDVSA 5 10 28 '15 05/08/2012 From: Sent: To: CC: Subject: Tazia Smith 5/8/2014 2:42:15 PM Nay Gupta ; Paul Morris [pa Vinit Sahni Re: PDVSA 5% 10/28/15 now completely retraced recent drop... [CI Classification: Confidential Rich - j; Vahe Stepanian These PDVSA (Venezuelan oil co, USD denominated) bond positions were ones that we had discussed extensively on weakness and discussed holding. Jeffrey thought about adding, but didn't pull the trigger. Continue to act nicely. Just an FYI for you. Best, Tazia PDVSA 5 10/28/15' 1028 . 5 - 0.375 04/30/2016 t 10:23d V . 4 . 311iii 92 . 963 93 . 850 Q2 . 500 lu . 686 99 Save As 98 Actions • 93 Edit - 99 Table Line Chart " - cf----"..0 IIIIIIIIIII MallIMII"li . i' C5/06/201.4 Last Price 1t TPA,. Lint tY •1‘ Daily • Track / Annotate T• Last Price 92.500 T High on 05/28/13 94.250 Average 86.882 I Low on 02/19/14 75.990 \kVA AvAA °- News Zoom Sa:A.rity;SrLdy t 95 9 n i Volume 4310.000 • SMAVG (15) 8294.134 i 20000 arg rwilmwa Jun Sep 2013 Mar 2014 From Tama SmelVdtildbcom To. jeevacationagmaitcorn. Ce• Paul Morris, VIM Salvuldb/dbcom@DBEMEA. Nay Guptakibidbcom@DBEMEA. richardkahm2ftmail.com. Vaho StopanianklbidbcomeDBArnoncas Date 03/19/2014 09-.22 AM Subject. POVSA 5% 10/28/15 nowcompletely retraced recent drop... [CI CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 123797 SDNY_GM_00269981 EFTA01461642