RE: Turkey and CNH [CI [II

Classification: Confidential

CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
CONFIDENTIAL

DB-SDNY-0118829
SDNY_GM_00265013
EFTA01458759

there was an election this weekend? shouldnt that have been part of the analysis. a MAJOR part. an early check has your reccommendation down 7 % on the open. and that is the unleveraged play

Morning where is CDS this am?

Classification For internal use only

Paul — Turkey Sy CDS currently —235 on the back of election results.

Last Price

234,916

T High on 09/29/15 327.000

Average

222.722

↓ Low on 12/02/14 154,000

300

-250

234.916

-200

150

Nov Dec Jan

Mar

Apr

May Jun Jul Aug

Sep

Oct

2014

2015