Cc: Daniel Sabba Subject: Brazil trade idea can you please provide pricing on the following: Buy Buy CDS Protection Bond: PETBRA 5 % 01/27/21 Contract: Brazil 5yr CDS Issuer: PETROBRAS GLOBAL Underlying Issuer: Federative Republic of FINANCE Brazil ISIN: US71645WAR25 Maturity: 06/20/21 Ratings: B3/B+/BB+ Coupon: 100 bps Ranking: Sr Unsecured Spread: 396 bps Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cel CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0120770 CONFIDENTIAL SDNY GM_002669S4 EFTA01459964