Cc: Paul Morris, Daniel Stepanian/ b Date: 10/10/2014 10:33 AM Subject: S&P risk reversals.... [C] Sabba/db , vahe classification: confidential Good Morning Jeffrey - S&P listed options indicative levels below. If you have an upside view on US big caps, consider a risk reversal. Example: 1895p/1925c SPX November risk reversal +50.20 premium collected, offer side (Bloomberg) ref: 1917.01 Example: 186p/193c SPY march risk reversal +50.02 premium collected, offer side (Bloomberg) ref: 191.53 (Embedded image moved to file: pic26069.gif) (Embedded image moved to file: pic04974.gif) (Embedded image moved to file: pic09169.gif) Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & wealth Management 345 Park Avenue 10154-0004 New York, NY, USA Tel. Fax Mobi e Email (Embedded image moved to file: pic22994.gif) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 124733 CONFIDENTIAL SDNY_GM_00270917 EFTA01462264