ng entry point: basket of Japanese equities (Slmm across the basket below), opportunstically short yen as an overlay Pending infrastructure set up: Eurostoxx hedge (has a basket of single names still at ll°M that ran up nicely last year, this would be an overlay) Please see the attached. Look forward to

basket of Japanese equities ($lmm across the basket EFTA01351279 below), opportunstically short yen as an overlay Pending infrastructure set up: Eurostoxx hedge (has a basket of single names still at JPM that ran up nicely last year, this would be an overlay) Please see the attached. Look forward to d

ng entry point: basket of Japanese equities ($lmm across the basket below), opportunstically short yen as an overlay Pending infrastructure set up: Eurostoxx hedge (has a basket of single names still at JPM that ran up nicely last year, this would be an overlay) Please see the attached. Look forward to d

s < Cc: THOMAS MOTTOLA < Subject: RE: Follow up >, Barrett Team Matt Please see attached the termsheets. One is linked to the SPX and one to the Eurostoxx. I will call you shortly to walk you through each deal. Paul Paul Barrett I Managing Director I Global Investment Opportunities Group I J.P. Morga

ating potential upside of —17% § Eurostoxx 50 Structure - the spike in volatility allows for some interesting structured note pricing linked to the Eurostoxx 50 whereby you can get 26% downside protection with unlimited upside for 18 months § CDX High Yield Tranche o Outside of a few select single credi

cating potential upside of-17% § Eurostoxx 50 Structure - the spike in volatility allows for some interesting structured note pricing linked to the Eurostoxx 50 whereby you can get 26% downside protection with unlimited upside for 18 months § CDX High Yield Tranche o Outside of a few select single credi

ating potential upside of —17% § Eurostoxx 50 Structure - the spike in volatility allows for some interesting structured note pricing linked to the Eurostoxx 50 whereby you can get 26% downside protection with unlimited upside for 18 months § CDX High Yield Tranche o Outside of a few select single credi

tachments: sg2010052756988.gie sg2010052756952.git sg2010052756988(1).gif Jeffrey, Attached is a regression analysis of the dividend futures to the Eurostoxx 50 index from June-08 to today. The first chart is 2011 (DEDZ1) and the second is 2012 (DEDZ2). For both years the beta to the index is approx. 66%

rust. The data continues to get marginally better in Europe. While we have a little exposure in Southern Financial, I would like to add $2MM to the Eurostoxx 50 Index via a Market Plus note: 18 months Unlimited upside Pays the greater of a 3.5% coupon or the upside of the index with a 15% at expiry buff

allocation into Treasuries. Still Play the Range Markets seem choppy without a lot of direction. Investors in general seem more occupied with long Eurostoxx, Nikkei and the still the dollar although since the Fed, the "handover" of dollar strength from Europe led to Fed led is undermining. In rates whil

rews Cc: THOMAS MOTTOLA Subject: RE: Follow up , Barrett Team < Matt Please see attached the termsheets. One is linked to the SPX and one to the=Eurostoxx. I will call you shortly to walk you through each deal. Paul Paul Barrett Manag=ng Director I Global Investment Opportunities Group I J.P. Morgan

ting potential upside of - 17% § Eurostoxx 50 Structure - the spike in volatility allows for some interesting structured note pricing linked to the Eurostoxx 50 whereby you can get 26% downside protection with unlimited upside for 18 months § CDX High Yield Tranche o Outside of a few select single credi

From: Paul Barrett Sent: Friday, September 22, 2017 1:58 PM To: Jeffrey E. Subject: Re: Into year end I am going to put $2.5mm into a Eurostoxx note that is protected down 27%, unlimited upside, no euro risk. A good placeholder for Europe. Paul Barrett On Sep 22, 2017, at 9:19 AM, jeffrey