From: Vahe Stepanian To: "jeffrey E." <[email protected]> CC: Daniel Sabba , Ariane Dwyer >, Paul Morris , Stewart Oldfield , Richard Kahn Subject: Brazil CDS Update [C] Date: Tue, 22 Sep 2015 15:07:04 +0000 Attachments: 182298_20150921 20150922_1.pdf Inline-Images: image001.png Classification: Confidential Jeffrey — please find below the current Brazil 5y CDS chart (i.e. on the run), which is currently near its five year historical high. Per today's valuation statement (attached; as of 9/21), your MTM is +$1.21mm. ■ Last Price 446.500 T High on 09/22/15 446.500 verage I Low on 10/30/14 149.000 Thank you, Vahe Sep Dec Mar Jun Sep 2014 I 2015 CBRZ1US Curncy (BRAZIL CDS USD SR SY D14) Daily Z2SEP2014-Z2SEP2013 Copyrights 201S Bloomberg Finance . 22-Sep-201510:52:43 Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel Mobile Email 400 350 300 250 200 150 All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available upon request. The terms of the trade(s) may be subject to change prior to settlement, and therefore the official trade confirmation(s) and account EFTA01193410