From: Tazia Smith Sent: 2/14/2014 10:45:29 AM To: [email protected] CC: Paul Morris Subject: Re: Fwd: percentages get a read from your team [CI Attachments: pic24771.gif; pic18782.gif; pic07401.gif; pic12454.gif; pic26368.gif; pic22830.gif; pic17700.gif; pic29492.gif Classification: Confidential Understood Jeffrey. Implementation: Today/Mon (and Tuesday in US due to holiday Mon) start with 1/4 positions (within that 50mm allocation) across the direct equities (healthcare, energy, financials, tech, Japan, Europe) Topix TRS - add 53.5mm usd notional via swap and indirect hedge = gives you capital efficient leverage (financing 3mL+70bps, —20% initial collateral). OR buy another Slmm of your DXJ (that position can represent your delta one allocation). Topix and DxJ charts below for your convenience. Today or Tuesday: Barrier notes - if we can achieve comparable terms (vol has come in) on that eurostoxx50/russell 2k (13mo, worst of >10% contingent minimum return, uncapped upside, 80% barrier) = consider 2.5mm (leaves 2.5mm to put to work in similar return profiles in europe and US) Fx = opportunistic Let me know if this is implementation strategy works, or how you'd prefer. Thanks! Tazia TOPIX lyr Price History (Embedded image moved to file: pi c24771 .gi f) DX) lyr Price History (Embedded image moved to file: pic18782.gif) (Embedded image moved to file: pic07401.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 Mobi Email (Embedded image moved to file: pic12454.gif) From: Jeffrey Epstein <jeevacation0gmai 1 .cors> CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 109586 CONFIDENTIAL SDNY_GM_00255770 EFTA01452510