Subject: RE: Richard Kahn / Epstein Total Return Swap [I] From: Andrew King ‹ > Date: Mon, 27 Jun 2016 11:26:39 -0400 To: Vahe Stepanian Cc: Stewart Oldfield Daniel Sabba Joseph Dursi Classification: For internal use only Vahe, I've attached the basket we put together with the help mind working with Cap. Markets to determine the margin swap (Richard would like to keep it below 30% in order and the expected swap rate? Please let us know if you have any questions. of STG. Would you requirement on the to get 3x leverage), From: Vahe Stepanian Sent: Friday, June 24, 2016 10:12 AM To: Andrew King Cc: Stewart Oldfield; Daniel Sabba Subject: RE: Richard Kahn / Epstein Total Return Swap [I] Classification: For internal use only Interesting. Can you send over a proposed basket, tenor, etc. and I'll loop in the right folks? Thanks, Vahe EFTA01432471