Classification: Confidential On it Tazia Smith Director Key client Partners - US Deutsche Bank securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New Tel: Mobile: Fax: E-mail: From: Jeffrey Epstein [jeevacation@gmail.com] Sent: 12/11/2013 01:05 PM AST To: Tazia Smith Subject: Re: AAL [C] ok On wed, Dec 11, 2013 at 12:59 PM, Tazia Smith <tazia.smithedb.com> wrote: Classification: Confidential Jeffrey - American Airlines (AAL) is presently trading -426.5. You can synthetically create the stock via listed risk reversal out to Jan15: Indicative levels: Spot ref 26.50 Buy Jan15 20 call sell Jan15 20 put Net Debit: 6.25 Do this on 1000 contracts to represent your 2-3mm of exposure. This priced better than a total return swap. Indicative levels only. Subject to market movement. Source: DB WM Equity Derivatives, 12/11/13. TDS Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New Tel: MObil Fax: E-mail: CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 106185 CONFIDENTIAL SDNY_GM_00252369 EFTA01450514