From: Barrett, Paul S Sent: Tuesday, April 9, 2013 3:10 PM To: Epstein, Jeffrey eeevacation@gmail.com) Cc: Ens, Amanda Subject: Brent risk reversals Jeffrey Brent is down 10% since Feb. I priced up some long risk reversa=s for you. BULLISH BRENT OIL RISKIES *&=bsp; <=[endifj>Client buys brent oil call * =nbsp; Client sells brent oil put <=:p> Contract Dec13 11=ov2013 102.75qp 85.00 =0A121.50 Cashless Cashless =OD Let me know if you have interest. <=p> Paul 1 EFTA_R1_01333513 EFTA02353234 Paul=Barrett I Managing Director I =Global Investment Opportunities Group I J.P. Morgan Private Bank </=> 320 Park A=enue, 14th Floor, New York, NY 10022 I T: =OD F: NMLS IDtt 853441 This email is confidential and sub=ect to important disclaimers and conditions including on offers for the pu=chase or sale of securities, accuracy and completeness of information, vir=ses, confidentiality, legal privilege, and legal entity disclaimers, avail=ble at http://www.jpmorgan.com/pages/disclosures/email. 2 EFTA_R1_01333514 EFTA02353235