From: Barrett, Paul S Sent: Monday, February 13, 2012 4:02 PM To: Jeffrey epstein Subject: RE: SP500 Notes Tried calling. When will you be free? Paul Barrett, CFA Managing Director Global Investment Opportunities Group From: jeffrey epstein Imailto:[email protected] Sent: Friday, February 10, 2012 3:32 PM To: Barrett, Paul S Subject: Re: SP500 Notes Talk to monday Sorry for all the typos .Sent from my iPhone On Feb 10, 2012, at 4:00 PM, "Barrett, Paul S" wrote: Hi Jeffrey We have 2 S&P500 notes. $5mm of a note expiring 20Jun12 with a buffer from 1256 down to 930. This pays the greater of the upside or a 0% coupon. - $2mm of a note expiring 07Feb13 with a buffer from 1260 down to 945. This pays the greater of the upside or a 6.25% coupon. I think we should consider unwinding the $5MM structure, locking in the profits and resetting into a new note with either: A. 15 month market plus that pays the greater of 0% or the upside of the stock with a 75% (so protected from 1340 down 1005) buffer with daily barrier observations OR EFTA_R1_00082111 EFTA01770826