To: Barrett, Paul From: jeeyacationangn S .conSent: Mon 9/16/2013 2:44:36 PM Subject: Re: Switch to do Ok Sorry for typos On Sep 16, 2013, at 10:42 AM, "Barrett, Paul S" wrote: Jeffrey We own $2.5MM of the PDVSA 17's in Southern Financial. I recommend the following: Sell these at 94.00 (ytm 10.83%) Switch into $2.5MM of the PDVSA 15's at 90.75 (ytm 9.97%) Slightly lower yield but we are shortening maturity to 2015. We will keep the 2MM of the 17's in Southern Trust Let me know. Paul Paul Barrett I Managing Director I Global Investment Opportunities Group I 3.P. Morgan Private Bank 320 Park Avenue, Floor, New York, NY 10022 I T: I F: (212) 310-0108 I I NMLS ID# 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 Intl): www.jpnioruan.coni 'pages disclosures email. EFTA_R1_00428803 EFTA01957274