To: Jeffrey Epstein 'eevacation mail.com Cc: Barrett Team From: Barrett, Paul S Sent Tue 9/17/2013 8:32:17 PM Subject 2 more things to consider Jeffrey We should also switch our remaining PDVSA 2017 into the I 5s in Haze. Same idea — give up a little yield but end up with a 2015 maturity. We no longer think that Argentine GDP warrants will pay a coupon on 2014. Therefore we should unwind. All in it has been an OK trade — up around 180K on S I.3MM invested. Let me know. Paul Paul Barrett I Managing Director I Global Investment Opportunities Group 13.P. Morgan Private Bank I 320 Park Avenue 14 Floor New York, NY 10022 I T: -I F: (212) 310.0108 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 http://www.jpmorgan.com/pages/disclosures/email. EFTA_R1_00429199 EFTA01957556