Subject: BRL (just f i ost-fed) [[C From: Tazia Smith < Date: Wed, 18 Dec 2013 15:04:17 -0500 To: [email protected] Cc: Paul Morris < Vahe Stepanian Classification: Confidential Jeffrey - EM responding well to FOMC decision. USDBRL off its lows back at -2.32. Your barriers in 3-4mos are 2.2562 and 2.3040. USDBRL Intraday Price Action 12/18/13: (Embedded image moved to file: pic15670.gif) Used with permission of Bloomberg Finance LP From: To: [email protected], Cc: as Date: 12/17/2013 10:11 AM Subject: BRL Notes... [C] Classification: Confidential Good Morning Jeffrey - , Paul Morris, 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). EFTA01351275