Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: (212) 454-2889 Mobile: (917) 318-4852 Fax: (646) 257-3131 E-mail: From: Richard Kahn Sent: 06/12/2014 0411.1 To: Tazia Smith Cc: Paul Morris; vahe Stepanian Subject: Re: je [C] Agree 100%. Sent from my iPad On Jun 12, 2014, at 4:34 AM, Tazia Smith Classification: Confidential wrote: Rich - re-Euro risk reversal, agree w Nay below. I'm at a global conference in France at the moment, but wanted to run this by you. we'll be back Best, Tazia Tazia Smith Director Key Client Partners - u5 Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: (212) 454-2889 Mobile: (917) 318-4852 Fax: (64111 E-mail: <graycol.gif>Nav Gupta Original Message From: Nav Gupta Sent: 06/12/2014 09:16 AM GDT To: vahe Stepanian; Tazia Smith Cc: Paul Morris; Vinit Sahni Subject: je [C] Classification: Confidential suggest give JE similar update on his options if and eurusd touches 134.50 ... (its 135.25 at the moment) should that happen soon we can think about getting an order from him to scale out should it gets to 1.34 or 133.50 if he is fortunate to make 50% of the target P&L in a week he should just take it and we can reload later CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 112503 CONFIDENTIAL SDNY_GM_00258687 EFTA01454414