From: Barrett, Paul S
Sent: Thursday, July 14, 2011 8:11 PM
To: Jeffrey Epstein
Cc: Giuffrida, David
Subject: MS Note
Hi Jeffrey=o:p>
We should buy $1MM of a note linked to Morgan Stanley. The note p=ys the greater of 12% or the upside of the stock
capped at 30% so long tha= the stock does not trade down 25% from here. We will trade this tomorro=. 1 yr maturity.
Taxed at long term capital gains.=/p>
I can walk =ou through this trade when you have time. I recommend $1MM.=/span>
Paul=o:p>
Paul Barrett, CFA
Managing Director
Global Inves=ment Opportunities Group
JPMorgan Pri=ate Bank
40W 57th Street, 33rd Floor,=New York, NY 10019
212-622-2770 (W)=nbsp; 212-310-0108 (F)
This email is confide=tial and subject to important disclaimers and conditions including on offe=s for the purchase or
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