From: Jeffrey Epstein <[email protected]> To: Tazia Smith <I Subject: Re: Citi K fixed-to-float... [C] Date: Mon, 03 Feb 2014 19:19:25 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3) 2milliojn On Mon, Feb 3, 2014 at 2:14 PM, Tazia Smith < > wrote: Classification: Confidential Jeffrey - Will be back with complete thoughts on all of the below, but given nice pullback today, some highlights (potentially timely entry points) are popping up, for one: Consider buying some of the Citi K fixed to floats today. They went ex-div today (50c) and are trading —$25.25 (down 45c). As you know, they're fixed at 6.875% and float in '23 at 3moL +413bps. One quarterly coupon and you've recouped the moderate premium to par C 6 78 12/31/49 $ 12S.2So K25.230 /25.250 '+ 3x25 EXCI. At 13:57 Vol 177,757 C 25.300P F 25.320N L 25.2006 Val 4.487M EP045024 Pfd 10/28/2013 1D 9, Save As 99 Actions Line 1Y SY Max Daily • It Track Annotate 02/03/2014 3D 1M 6M YID Last Price Ta ID Compare Mov. .A MOM Line Chart MEIN '4 Event O Volume secuntotxty NewS O, Zoom 1 • Last Price 25.250 I High on 01/22/14 25.890 -9- Average 25:243 1. Low on 10/30/B 24.870 25.800 25.600 25.400 25.230 L.J.LVV 25.000 24.800 9.•• Volume 0.178M L • SMAVG (15) 1.077M Oct 31 Nov 15 Nov 29 2013 Dec 16 Dec 31 Jan 15 Jan 31 2014 5M EFTA01166570