From: Tazia Smith
Sent: 4/17/2014 6:35:59 PM
To: richardkahn12@gmail.com; Vahe Stepanian I; Nay Gupta I I; Vinit Sahni
CC: Paul Morris
Subject: Fw: Trade recap (DB / SOFL) ICI
Classification: Confidential
Rich, Vinit, Nay, Vahe - Wanted to be sure you had this execution for your records.
Tazia
Forwarded by Tazia Smithrdbodbcom on 04/1712014 03.39 PM ---
From. Matthew OConnor/db/dbcom©DBCOEX
To. leencation@gmaitcom- <beeyacationegmaileon». Paul MornsidefebcomODBAMERICAS. Tazia Sinithieb/dbeorreDBAMERICAS.
Cc: Laura Krattlildb/dbcom. Matthew OComor/db/dbcom. Jatin BindaVdb/dbcom. Amit GargAlb/dbcom, MO Commodities/db/dbcom@DBEMEA. James
Fordhanydb/dbcom. PrateekJaiNdbolbcom.StayresValayaniaidbiebcom
Date: O4/17/2014 O3:38 PM
Subject' Trade recap (DB / SOFL)
Classification: External Communication
Jeffrey -
Thanks for the trade. To recap:
Underlying: Jun14 WTI
Bloomberg code: CLM4 <comdty>
EMS Counterparty code: SOFL
SOFL sells $101 call for $3.27/bbl
SOFL buys $93.5 put for $.15/bbl
Premium: DB pays $3.12/bbl ($312,000)
Notional: 100,000 bbls on each leg
Both legs knock out if on any day CLM4 fixes below $20/bbl.
This trade fully unwinds existing trade.
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123724
CONFIDENTIAL SDNY_GM_00269908
EFTA01461585