From: Tazia Smith
To: "jeffrey epstein" leevacation®gmail.cotn>
Cc: "Paul Morris" <
Subject: Re: First BRL note valuation date 3/20, poised to settle beyond barrier (down —20%) [C]
Date: Tue, 18 Mar 2014 00:51:14 +0000
I mportance: Normal
Inline-Images: unnamed; unnamed(1)
Classification: Confidential
Mark-to-market on the note was $799k (down $201k) intrinsic value is $802k (down $198k), subject to moves in BRL for the next 3 days.
Tazia Smith
Director
Key Client Partners - US
Deutsche Bank Securities, Inc.
Deutsche Asset & Wealth Management
345 Park Avenue - 26th Floor
Ne
Tel
Mo
From: Jeffrey Epstein [jeevacation@gmail.com]
Sent: 03/17/2014 06:02 PM CST
To: Tazia Smith
Subject: Re: First BRL note valuation date 3/20, poised to settle beyond barrier (down —20%) [C]
is there a number ???
On Mon, Mar 17, 2014 at 1:44 PM, Tazia Smith <a>. wrote:
Classification: Confidential
Jeffrey -
First BRL note's valuation date is this Thursday, 3/20 (settles 3/27); presently down 19.8%, intrinsic.
Your original investment was $1mm notional.
Initial strike: 1.9619
15% european barrier: 2.2562
Current USDBRL spot: 2.3505
Your second note has a final valuation of 4/14. Initial strike 2.0035, european barrier =2.3040.
EFTA00870594
Recall that the payout on these was as follows:
a) make 28.5% if BRL is up more than 3% vs. USD at maturity, b) make 5% if BRL is up between 0-
3% vs USD, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more
than 15% vs USD at maturity (max loss 100%)
Used with permission of Bloomberg Finance LP
Tazia Smith
Director I Key Client Partners - US
Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management
305 Park Avenue. 26th Floor
Ne
Tel.
Fax
This communication may contain confidential and/or privileged information.
If you are not the intended recipient (or have received this communication
in error) please notify the sender immediately and destroy this
communication. Any unauthorized copying, disclosure or distribution of the
material in this communication is strictly forbidden.
Deutsche Bank does not render legal or tax advice, and the information
contained in this communication should not be regarded as such.
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 jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
EFTA00870595
This communication may contain confidential and/or privileged information.
If you are not the intended recipient (or have received this communication
in error) please notify the sender immediately and destroy this
communication. Any unauthorized copying, disclosure or distribution of the
material in this communication is strictly forbidden.
Deutsche Bank does not render legal or tax advice, and the information
contained in this communication should not be regarded as such.
EFTA00870596