From: "Barrett, Paul S" To: "Jeffrey Epstein" <jeevacation©gmail.com> Subject: RE: Fwd: BRL Notes marking down >20% [C] Sent Tuesday, November 12, 2013 10:43:56 PM ATT00001.gif ATT00002.gif The notes have an at expiry barrier. So we sit tight until expiry and hopefully finish in the buffer zone. Do not sell. Paul Barrett I Managing Director I Global Investment Opportunities Group I J.P. Morgan Securities LLC I J.P. Morgan Private Bank I 320 Park Avenue, 14th Floor, New York, NY 10022 I T F: I NMLS IDN 853441 Original Message From: Jeffrey Epstein [jeevacation@gmail,com] Sent: Tuesday, November 12, 2013 03:05 PM Eastern Standard Time To: Barrett, Paul S Subject: Fwd: BRL Notes marking down >20% [C] Forwarded messa e From: Tazia Smith Date: Tue, Nov 12, 2013 at 3:55 PM Subject: BRL Notes marking down >20% [C] To: jeevacationegmail.com Cc: Vahe Stepanian Classification: Confidential Jeffrey - You're long 1mm USD each of BRL step up notes in Southern Trust from JP. The notes have a 15% barrier and BRL is presently down -17% vs. USD from your initial strike. The notes are marking down more than 20%. Barrier is European. Final valuation date on the notes are 3/20/14 and 4/14/14. Posting you and would like to get your view given the move and mark-to-market (vs. your -10% rule). Speak with you soon. EFTA_R1_00055875 EFTA01755231