From: Paul Morris
Sent: 11/19/2015 4:44:03 PM
To: jeffrey E. (jeevacation@gmail.com)
Subject: FW: (No Subject) [C]
Classification: Confidential
Didn't see this prior to going out
Paul Morris
Managing Director
Deutsche Bank Private Bank
From: Vahe Stepanian
Sent: Thursday, November 19, 2015 10:57 AM
To: Jeffrey Epstein
Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield;
Subject: RE: (No Subject) [C]
Classification: Confidential
Jeffrey — I'm following up with indicative pricing on the one touch, digital put options on the SPX index. To be clear, the
options below are continuous observation — therefore, if at any point between inception and maturity the underlying
touches the relevant strike, you will receive 100% payout.
Pricing is good for $5mm payout.
SPX Index Ref: 2081
1m Tenor
90% Strike Offer = 12%
95% Strike Offer = 33%
3m Tenor
90% Strike Offer = 31%
95% Strike Offer = 55%
Thank you,
Vahe
From: Vahe Stepanian
Sent: Thursday, November 19, 2015 8:44 AM
To: Jeffrey Epstein
Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield;
Subject: RE: (No Subject) [C]
Classification: Confidential
Jeffrey — we will be back to you on the one•touch options after the open. With that said, please see below listed
indications as of yesterday's close on listed SPX index options.
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 118954
CONFIDENTIAL SDNY_GM_00265138
EFTA01458847