Subject: McDonalds Indications: long ly TRS + short 100% European call [C] From: Daniel Sabba < 1.11> Date: Fri, 30 Jan 2015 13:39:16 -0500 To: jeffrey E. <jeevacation@gmail.com> Cc: Paul Morris Vahe Stepanian Richard Kahn Classification: Confidential Jeffrey, Please see below MCD ly Vols — they are much lower than LNKD or TWTR. IA on this trade would be 25% of Notional. The indications below work for $5mm notional. McDonalds ly 100% vol Southern Financial longs MCD through ly TRS: SF pays lmL+75bps to receive total return $0.03 commission in and out, optional early termination applicable, monthly resets Southern Financial shorts MCD ly 100% European calls: DB bids 5.25% Vol: 17% Regards, Daniel Daniel Sabba Key Client Partners EFTA01472057 Deutsche Bank Securities Inc. Email EFTA01472058