From: jeffrey E. <jeevacation@gmail.com>
Sent: Friday, June 6, 2014 12:49 PM
To: Vahe Stepanian
Subject: Re: EURUSD Pricing [C]

zero cost. size recommend?

On Fri, Jun 6, 20=4 at 6:05 AM, Vahe Stepanian > > wr=te:

Classification: Co=fidential

Good Morning Jeffrey,

Two-way pricing below on the EURUSD collar. Note non-farm payrolls in - 25 minutes, so please let us know should you wish to trade ahead of that.

Spot Ref: 1.3640 Expiry: 3m (8 Sep 2014 expiry) Notional: Up to EUR 50mm (each leg)

For a Zero-Cost Collar:

Client buys 1.3405 EUR Put / USD Call
Client sells 1.38 EUR Call / USD Put

Should you wish to sell the 1.3410 EUR Put / USD Call and buy the 1.38 EUR Call / USD Put, price is 0.09% EUR

notional.

Thank you,
Vahe
____________________________________________________________________________________

Vahe Stepanian
Associate I Wealth Investment Coverage

Deutsche Bank Securities Inc.
Deutsche Asset & Wealth Management

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