From: Tazia Smith
Sent: 11/14/2013 3:43:16 PM
To: Paul Morris
Subject: Fw: BRL Notes marking down >20% [CI
Attachments: pic23008.gif; pic32311.gif
classification: confidential
Forwarded by Tazia Smith/db/dbcom on 11/14/2013 03:43 PM
From: Tazia Smith/db/dbcom
To: jeevacation@gmail.com,
Cc: vahe Stepanian/db/dbcom@DBAmericas
Date: 11/12/2013 02:55 PM
Subject: BlIt. Notes marking down >20% [C]
Classification: confidential
Jeffrey -
You're long 1mm USD each of BRL step up notes in southern Trust from JP. The
notes have a 15% barrier and BRL is presently down —17% vs. USD from your
initial strike. The notes are marking down more than 20%. Barrier is
European. Final valuation date on the notes are 3/20/14 and 4/14/14.
Posting you and would like to get your view given the move and mark-to-market
(vs. your -10% rule).
Speak with you soon,
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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.
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Mobil
Email
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