Classification: Confidential Mark-to-market on the note was 5799k (down $201k) intrinsic value is $802k (down 5198M subject to moves in BRL for the next 3 days. Tazia Smith Director Key Client Partners - US Deutsche Bank Securities. Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York. NY 1(115 Tel: Mo Fax: E-n From: Jeffrey Epstein ijeevacationgsmail.comi Sent: 03/17/2014 06:02 NW CST To: Tazia Smith Subject: Re: First BRL note valuation date 3/20. poised to settle beyond bather (down —20%) ICI is there a number ??? On Mon, Mar 17, 2014 at 1:44 PM, Tazia Smith wrote: Classification: Confidential Jeffrey - First BRL note's valuation date is this Thursday, 3/20 (settles 3/27); presently down 19.8%, intrinsic. Your original investment was $1mm notional. Initial strike: 1.9619 15% european barrier: 2.2562 Current USDBRL spot: 2.3505 Your second note has a final valuation of 4/14. Initial strike 2.0035, european barrier =2.3040. Recall that the payout on these was as follows: a) make 28.5% if BRL is up more than 3% vs. USD at maturity, b) make 5% if BRL is up between 0- 3% vs USD, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110853 CONFIDENTIAL SDNY_GM_00257037 EFTA01453315