<table><tr><th>From:</th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, March 18, 2014 12:03 AM</td></tr><tr><td>To:</td><td>Tazia Smith</td></tr><tr><td>Subject:</td><td>Re: First BRL note valuation date 3/20, poised to settle beyond barrier (down -20%)
(CI </td></tr></table>

is there a number ???
=br>
On Mon, Mar 17, 2014 at 1:44 PM, Tazia S=ith <██████████████████████████████████████> > wrote:

Classification: Co=fidential

Jeffrey -

First BRL note's valuation date is this Thursday, 3/20 (settles 3/27); presently down 19.8%, intrinsic. Your original investment was $1mm notional.

Initial strike: 1.9619
15% european barrier: 2.2562
Current USDBRL spot: 2.3505

Your second note has a final valuation of 4/14. Initial strike 2.0035, european barrier =2.3040.

Recall that the payout on these was as follows:

a) make 28.5% if BRL is up more than 3% vs. USD at maturity, b) make 5% if BRL is up between 0-3% vs USD, c) get your principal down less than 15% vs. USD, d) loose 1 for 1 if BRL is down more than 15% vs USD at maturity (max loss 100%)

Used with permission of Bloomberg Finance LP
Tazia Smith
Director | Key Client Partners - US

This communication may contain confidential and/=r privileged information.

If you are not the intended recipient (or have received this communicational> in error) please notify the sender immediately and destroy this

communication. Any unauthorized copying, disclosure or distribution of thear> material in this communication is strictly forbidden.

Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such.

******

The information contained in this commun=cation is confidential, may be attorney-client privileged, may constitute inside i=formation, and is intended only for the use of the addressee. It is the=property of Jeffrey Epstein Unauthorized use, disclosure or copying=of this communication or any part thereof is strictly prohibited and may be unla=ful. If you have received this communication in error, please notify us=immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailtoleevacat=on@gmail.com> , and destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved