From: Tazia Smith Sent: Monday, November 11, 2013 5:22 PM To: 'eevacation@ mail.com Cc: Vahe Stepanian Subject: European Equities + TWTR [C] Classification: Confidential Hi Jeffrey - Hope you had an excellent weekend! Did you lock in some of your gains on your European equities at JP? Consider an overlay, and/or balanced monetization strategy (example: 'twin-win" or contingent-coupon note) on European equity indices for the next 6-9mos. Please let us know your thoughts and I'll send you pricing. Separately - TWTR. Presume you want to hold? But let us know if you'd like to take the trade... or add. Best Regards, Tazia Forwarded by Tazia Smith/db/dbcom on 11/11/2013 09:39 AM From: Tazia Smith/db/dbcom To: [email protected], Cc: Date: 11/07/2013 11:31 AM Subject: Indicative Level SXSE l<O Put 11/7/13 [C] Classification: Confidential Jeffrey - FYI below. Positioned as a hedge or relative value positioning, not necessarily an outright trade (know you're long a select basket of European equities away). Structure: Customer buys Knock-out Put Underlying: SXSE Currency: Euro Notional: 10mm Tenor: 13-months Put Strike: 100% Barrier: 80% (observed at maturity only) EFTA_R1_00116762 EFTA01789828