From: Jeffrey Epstein <jeevacationggmail.com> To: Tazia Smith < >, Paul Morris < Subject: Re: BRL Notes... [C] Date: Tue, 17 Dec 2013 15:13:24 +0000 Inline-Images: unnamed; unnamed(1) > why did it take so long to get it? On Tue, Dec 17, 2013 at 10:11 AM, Tazia Smith cj > wrote: Classification: Confidential Good Morning Jeffrey - Per your request, sending full detail on your BRL notes. European barriers of 2.2562 and 2.3040 to get your principal back in —4-5mos. Please see below/attached and call us to discuss. (1) 3/20/14 Note - marking down, —22%. 15% european barrier (= 2.2562). Initial strike 1.9619. Current USDBRL spot -2.3267, -18%. (2) 4/14/14 Note - marking down —19%. 15% european barrier (=2.3040). Initial strike 2.0035. Current USDBRL spot -2.3267, -16%. Payout: a) make 28.5% if BRL is up more than 3% vs. USD at maturity, b) make 5% if BRL is up between 0-3% vs USD, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) Forwarded by From: To: Cc: Date: Subject: on 12/16/201302:14 PM --- jeoyaca oniagmail corn 11(12/2013 02:55 PM BRL Notes marking down >20% LC] Classification: Confidential Jeffrey - You're long 1mm USD each of BRL step up notes in Southern Trust from JP. The notes have a 15% barrier and BRL is presently down —17% vs. USD from your initial strike. The notes are marking down more than 20%. Barrier is European. Final valuation date on the notes are 3/20/14 and EFTA01140716