From: Barrett, Paul S Sent: Monday, May 14, 2012 6:02 PM To: Epstein, Jeffrey ([email protected]) Cc: Giuffrida, David Subject: EURCHF With eurozone pressures mounting, it's not a bad =dea to have some sort of EURCHF downside trade on in case there is a marke= run on the peg. Also ti=ely because: -Currently spot is very cl=se to the floor Paul Barrett, CFA</=> Managing Director Global Investment Opportunities Group =OD JPMorgan Private Bank New York, NY 10022<=span> (W) (F) NMLS </=iv> This email is confidential and subject to =mportant disclaimers and conditions including on offers for the purchase o= sale of securities, accuracy and completeness of information, viruses, co=fidentiality, legal privilege, and legal entity disclaimers, available at =ttp://www.jpmorgan.com/pages/disclosures/email. EFTA_R1_01374315 EFTA02371550