From: Paul Barrett
Sent: Wednesday, September 27, 2017 2:11 AM
To: Jeffrey Epstein
Subject: Fwd: TEVA mando
Jeffrey
We own TEVA via a mandatory convertible. It's down around 60%. Positio= size of $300K. It pays a 7% coupon. Company
has a new CEO and selling ass=ts to de-lever. Probably will top up to Slmm and get paid the 7% while we =ait for the
turnaround to happen.
Paul Barrett
Alpha Group Capital LLC
Floor, New York, NY 10019
Begin forwarded message:
From: "Ens, Amanda"
Date: September 26, 2 a
To: "Paul Barrett
<paul@alphagroupcapital.com <mai to:
Subject: TEVA mando
Paul, the mando is trading quite cheap to the common=o:p>
TEVA mando @ 341
Strip Yield: 20.8%
Low strike: 62.50
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High strike: 75.00
If converted today, it would convert at low strike i=to 16 shares
Stock ref: 17.20
16 shares = $275.20
Premium of mando over those shares: $65.80
Mando dividends left: $87.50
Common divs left: $5.44
Amanda Ens
Director
Bank of America Merrill Lynch
Merrill Lynch, Pierce, Fenner & Smith Incorporatatl
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