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,
Tazia Smith
Director I Key Client Partners - US
Deutsche Bank Securities Inc
Deutsche Asset & wealth Management
345 Park Avenue, 26th Floor
New
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