<table><tr><th>From:</th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Friday, February 7, 2014 5:09 PM</td></tr><tr><td>To:</td><td>Tazia Smith</td></tr><tr><td>Subject:</td><td>Re: ...barrier note (us and euro combo) and BMY stabilizing.... [C]</td></tr></table>

speadsheet out returnds for me  thanks

On Fri, Feb 7, 20=4 at 10:29 AM, Tazia Smith <███████████████████ <mailto:███████████████████> > wrote:

Classification: Co=fidential

Good Morning Jeffrey -

I called be I'd priced this short dated S&P Feb22 1780/1770 put spread trade to fade the post-NFP bounce but the S&P just retraced a quick 6 points and ate into the payout. Be back -- and/or let me know if you hat that that view!

What were your thoughts on the Eurostoxx + Russell 2000 Contingent Min/Barrier note? I thought the combining the euro and US views, uncapped upside was attractive. Monday may be better day to trade, but please let me know if you liked the structure so I can re-price.

13mo Contingent Minimum Return Worst-of Note (Eurostoxx50 and Russell 2000): WoF SXSE/RTY 11.5% Cant Min Return 80% Barrier Daily obs. uncapped max loss: 100% Indicative levels only, subject to market movement, source: DB AWM Structured Solutions, 2/5/14.

Within your healthcare theme, BMY starting to stabilize, consider initiating your position BMY (2.0 in your percentages).

6mo charts below for your convenience.

BMY 6mo Price History
Speak with you soon,
Tazia

Tazia Smith
Director I Key Client Partners - US

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