From: Jeffrey Epstein <jeevacation@gmail.com> To: "Barrett, Paul S" Subject: Re: Venezuela Date: Tue, 09 Oct 2012 19:39:32 +0000 lets leg in total 1.5 On Tue, Oct 9, 2012 at 9:31 PM, Barrett, Paul S Yes — we should decide a total size and then average in over the next few weeks Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 NMLS ID# 853441 From: Jeffrey Epstein [mailtoleeyacationegmail.com] Sent: Tuesday, October 09, 2012 3:26 PM To: Barrett, Paul S Subject: Re: Venezuela ok start on a? On Tue, Oct 9, 2012 at 9:22 PM, Barrett, Paul S Correct > wrote: > wrote: Both NY law. EFTA00876642 a) The 2017N issued bond; 8.50% coupon; sinking fund (payable over 2015, 2016, 2017); $6BLN issue size; 12.30% yield b) The other one has a coupon of 5.25% matures Apr 2017. $3.5BLN issue size; 12.00% We like (a) Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 NMLS ID# 853441 From: Jeffrey epstein [nailto:jeevacationegmail.com] Sent: Tuesday, October 09, 2012 1:25 PM To: Barrett, Paul S Subject: Re: Venezuela There are two 2017 Sent from my iPad EFTA00876643 On Oct 9, 2012, at 4:34 PM, "Barrett, Paul S" < wrote: Hi Jeffrey Given that we expected a Chavez win, I am a little surprised that the bonds are trading down 3 points (around 4%). There has been some noise out of Argentina where a local province repaid a coupon on a bond in ARS when it should be in USD. So this is putting pressure on the region. I think this is an interesting level to buy the PDVSA 2017 bond. Currently yielding 12.20%. Passive play on oil. Would do $1.5MM. Let me know Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 NMLS ID# 853441 This email is confidential and subject to important disclaimers and conditions including on offers for thepurchase or sale of securiti accurac and completeness of information. viruses, confidentiality. legal privilege, and legal entity disclaimers. available at EFTA00876644 The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, 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 unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jea@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email is confidential and subject to important disclaimers and conditions including on offers for thepurchase or sale of sccuriti accurac and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, 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 unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00876645