From: Daniel Sabba Sent: Wednesday, February 25, 2015 3:09 PM To: jeffrey E. Subject: RE: I got live levels - the cut off for us to execute is 11:15am EST. I am at +1 212 454 0857. (I] Classification: For internal use only Chart of the index per=your request... It rallied, which would have caused a delta benefit to=you. On the other hand, between other factors, implied vols came down and =his compressed the spread you would pay in the swap (or increased the leverage factor you would receive).<=span> Daniel Sabba Sent: Wednesday, February 25, 2015 9:52 AM To: 'jeffrey E.' Subject: I got live levels - the cut off for us to execute is 11:15a= EST. I am at Classification: For internal use only Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. 1 EFTA_R1_01640140 EFTA02508964 This communication may contain confidential and/or privileged information. =f you are not the intended recipient (or have received this communication =n error) please notify the sender immediately and destroy this communicati=n. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidde=. Deutsche Bank does not render legal or tax advice, and the information cont=ined in this communication should not be regarded as such. 2 EFTA_R1_01640141 EFTA02508965