<table><tr><th>From:</th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, November 12, 2013 8:06 PM</td></tr><tr><td>To:</td><td>Paul S Barrett</td></tr><tr><td>Subject:</td><td>Fwd: BRL Notes marking down &gt;20% (C)</td></tr></table>

Forwarded message
From: Tazia Smith <tazia.smith@db.com=/a>>
Date: Tue, Nov 12, 2013 at 3:55 PM
Subject: BRL Notes marking down >2=% [C]
To: <mailto:  > jeevacation@gmail.co= <mailto:jeevacation@gmail.com>
Cc: , Vahe Stepanian < <mailto:  >
<mailto:  >

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 SRL 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,

Tazia

Tazia Smith
Director | Key Client Partners - US

Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management
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