Good Morning Jeffrey - Per your request, sending full detail on your BRL notes. European barriers of 2.2562 and 2.3040 to get your principal back in -4-Smos. Please see below/attached and call us to discuss. (1) 3/20/14 Note - marking down, -22%. 15% european barrier (= 2.2562). Initial strike 1.9619. current USDBRL spot -2.3267, -18%. (2) 4/14/14 Note - marking down —19%. 15% european barrier (=2.3040). Initial strike 2.0035. current USDBRL spot —2.3267, -16%. Payout: 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%) Forwarded by Tazia smith/db/dbcom on 12/16/2013 02:14 PM From: Tazia Smith/db/dbcom To: jeevacationOgmail.com, Cc: Date: 11/12/2013 02:55 PM Subject: BRL Notes marking down >20% [C] Classification: Confidential vahe Stepanian/db/dbcom@DBAmericas Jeffrey - You're long 1mm USD each of BRL step up notes in southern Trust from JP. The notes have a 15% barrier and BRL is presently down —17% vs. USD from your initial strike. The notes are marking down more than 20%. Barrier is European. Final valuation date on the notes are 3/20/14 and 4/14/14. Posting you and would like to get your view given the move and mark-to-market (vs. your -10% rule). speak with you soon, Tazia Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York NY 10154 Tel. Fax CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0030356 CONFIDENTIAL SDNY_GM_00176540 EFTA01344651