From: Jeffrey Epstein <[email protected]> To: "Barrett, Paul S" Subject: Re: Another idea Date: Mon, 07 Jan 2013 21:03:53 +0000 Ok On Monday, January 7, 2013, Barrett, Paul S wrote: Jeffrey As a second idea we also like a gaining exposure to CNH (Chinese offshore currency) via a structured note. The note offers 5x leverage to the upside and lx leverage to the downside. We think the new government will achieve 7%-8% growth while targeting domestic consumption as the next major initiative. A stronger currency should help. We expect 3% CNH appreciation this year. The note offers 5x leverage to that upside. CNH Leveraged Note • HSBC issued • 12 months • Upside exposure: o 1 for 1 with CNH o 5 times leverage o uncapped • Downside exposure: 1 for 1 with CNH I would recommend $1MM. We have over $29MM in cash. Paul Paul Barrett I Managing Director I Global Investment Opportunities Group I Morgan Private Bank T: I NMLS EFTA00951384