<table><tr><th>From:</th><th>Barrett, Paul S</th></tr><tr><td>Sent:</td><td>Tuesday, February 14, 2012 10:22 PM</td></tr><tr><td>To:</td><td>jeffrey epstein</td></tr><tr><td>Cc:</td><td>Giuffrida, David J</td></tr><tr><td>Subject:</td><td>If you think there is a chance of a selloff before the market moves higher</td></tr></table>

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Indicative Pricing

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Underlying: &=bsp; &nbs=; &=bsp; SPXaspan>

Ref: &nb=p; =nbsp; &nb=p; =nbsp; &nb=p; 1350

K=ock In observation &=bsp; Daily basis

ao:p>

April 95% strik= Call on SPX with Knock In @ 95%: 1.80%

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April 100% strike Call on SPX with=Knock In @ 95%: 0.70%

May 95% strike Call on SPX with Knock In @ 95% : 2=2E45%
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