From: Tazia Smith [[email protected]] Sent: 1/31/2014 10:02:55 AM To: [email protected] CC: Paul Morris [[email protected]] Subject: GE [CI Attachments: pic29640.gif; pic07892.gif; pic20327.gif; pict)9529.gif; pic14101.gif; pic10680.gif Classification: Confidential ...Not sexy, but consider adding to your GE here -S25.23 (recall you own 23k shs at 521.57, or -4580k worth). Sold off after earnings, believe re-rating is done and it heads back >S27. (Embedded image moved to file: pic29640.gif) Used with permission of Bloomberg Finance LP (Embedded image moved to file: pic07892.gif) Tazia smith Director I Key Client Partners - uS Deutsche Bank Securities Inc Deutsche Asset & wealth management 345 Park Avenue, 26th Floor New Y Tel. Fax Mobil Email (Embedded image moved to file: pic20327.gif) From: Tazia Smith/db/dbcom To: [email protected], Cc: Paul Morris Date: 01/31/2014 09:50 AM Subject: Re: 10yr S/Y.... [c] Classification: Confidential Jeffrey - Tried you this morning. call when you have time to review. No rush; although spot is lower, markets feel quite shaky this morning. In addition to the long dated option, just wanted to borrow a page from the USDCAD structure you have on (working well with spot now at 1.1208), for a shorter-term trade to consider on yen strength: 3mo 102.75 strike USDJPY call, RKI 107 strike (KI at 110). Add a digital one-touch at 100 (1.25% cost if hit). Net premium paid: 0.89% compare to vanilla 102.75: 1.91% If digital 100 one-touch hit: 2.14% Max loss 2.14% CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0101227 CONFIDENTIAL SDNY_GM_00247411 EFTA01446827