<table><tr><th>From:</th><th>Vahe Stepanian &lt;</th></tr><tr><td>Sent:</td><td>Tuesday, August 19, 2014 5:22 PM</td></tr><tr><td>To:</td><td>jeevacation@ mail.com</td></tr><tr><td>Cc: </td><td></td></tr><tr><td>Subject:</td><td>JPM Sale? (C]</td></tr></table>

Classification: Confidential

Jeffrey - JPM is trading up - 50.435 today to 557.665. Ok to sell this week's 1,450 shares on today's strength? Also, just an FYI below on your risk reversal given Euro weakness today.

Thank you,
Vahe

EURUSD Risk Reversal (spot ref 1.3318)
<Client> sells Put, buys Call on EUR/USD in a Risk Reversal
Put Strike: 1.345
Call Strike: 1.38
Notional: EUR 10,000,000 EUR
Expiry: Mon 08-Sep-2014
Settlement: Wed 10-Sep-2014
ZoneCut: NY
Premium: USD -144,700:4,300 (-140,400) (1.404%/1.495%)
Premium Date: Thu 21-Aug-2014

Client Receives: $140,400 (Net P/L: +5140,400)

Vahe Stepanian
Associate I Wealth Investment Coverage

| Field | Value |
|---|---|
|Name|[redacted]|
|Title|Associate I — Wealth Investment Coverage|
|Company / Division|Deutsche Bank Securities Inc.; Deutsche Asset & Wealth Management|
|Address|345 Park Avenue — 26th Floor, New York, NY 10154-0004|
|Phone|Three numbers redacted (black bars)|
|Email|Redacted (mailto: link present) |

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