From: Barrett, Paul S
Sent: Monday, January 30, 2012 8:04 PM
To: Jeffrey Epstein
Cc: Ens, Amanda
Subject: Apple

=0A

=i Jeffrey

Ou= AAPL total return swap is fixing tomorrow. We are long $3MM worth at $3=9.48. Stock at $453.00 right now which leaves us up $915,000=2E I think we should roll it into another 53 week swap.

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JPM Price Target = $=25

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Let me kn=w.

Paul

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=0A

Paul Barrett, CFA

Managing Director

GI-bal Investment Opportunities Group

JPMorgan Private Bank

(W) (F)

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