From: Barrett, Paul S < Sent: Monday, Decem er , : To: Jeffrey Epstein Cc: Giuffrida, David Subject: Oil Options =OA =effrey We pr=ced up some oil options: WTI oil exotic risk reversal Decem=er 2012 contract (expires 13Nov2012) 97.25 reference rate =OD 1) client buys 120 strike call =ption 2) =lient sells 86 strike put with continuous reverse knock-in @ 51.00<=o:p> Net cost: cashl=ss &=bsp; Cli=nt buys WTI oil call option December 2012 contract (ex=ires 13Nov2012) 97.25 reference rate Paul Paul Barrett,=CFA 1 EFTA_R1_01376645 EFTA02372557 Managing Director Global Investment Opportunities Group=o:p> JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York= NY 10019 <=div> </=ody> This email is confidential and subject to important di=claimers and conditions including on offers for the purchase or sale of se=urities, accuracy and completeness of information, viruses, confidentialit=, legal privilege, and legal entity disclaimers, available at http://www=2Ejpmorgan.com/pages/disclosures/email. 2 EFTA_R1_01376646 EFTA02372558