Re: Fw: Structured Products termsheet, cancel and replace

Dear Shaher, I am looking for a Reverse Convertible Note on Apple for you. In the meantime, would you be interested in this Autocall on European Banks Index with an annual Coupon of 19.40%? (See attached file: 20120515_BankMed_ITS_3Y_SX7E_Phoenix_autocall_USD.pdf) Please consider your environmental responsibility - think before you print!

These are sophisticated instruments, go slow. Learn its benefits and risks. Make some mistakes (small, know your max loss exposure). They will rape you on the way out (no set commissions). Historical prices are meaningless. DO NOT look for bargains. When they say, x is trading at historical lows, think of women. If I told you she was once really beautiful, and for the past years she has become uglier and uglier, would you feel a great desire to rush in, with the hope that she will return to beauty, or would you find a young pretty thing (tech co) with a long bright upside and future? I remain, your new jew friend, Jeffrey.

You know something, your replies and know-how make me smile and appreciate. When I come back to Paris in two weeks, if you're still here, we should join again together. Thanks, your camel driver Shaher.