From: "Barrett, Paul S To: Jeffrey Epstein <'eevacation mailcom> Cc: Barrett Team Subject: Oil Idea Sent: Tuesday, July 23, 2013 1:59:00 PM Jeffrey The backwardation in the oil curve gives us some interesting pricing: WTI Market Plus 53 weeks Uncapped upside 10% coupon (paid as long as above the barrier at expiry) 77.55% at expiry barrier So you get the greater of a 10% coupon or the upside so long as we are not down 22.45% at expiry. I think we should do $2MM on this one. Let me know. Paul Paul Barrett I Managing Director I Global Investment Opportunities Group I 3.P. Morgan Private Bank I 320 Park Avenue, 14" Floor, New York, NY 10022 I This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosurestemail. EFTA_R1_00055298 EFTA01754789