Re: Follow-up stock screen for Twitter-style trade (C]

Jeffrey,<=u>

Jay and=Vahe from my team put this together to follow-up on lower priced equities =or which we can implement the TWTR equity structure in either a listed or OTC structure. To start, we screened the S&P 500=with the following criteria:

1

-Share Price ($10-$20 range)

-Market Cap (>$10bn)

-Covered by DB Research

The following 5 nam=s fit the criteria:

(Note: Pricing as o= close 02/09/2015)

As demonstrated bel=w, all 5 names remained in a narrow band for the earlier part of 2014.

In the latter month= of the year, FCX, BAC and FITB saw a significant increase in implied vola=ility, most notably Freeport-McMoRan (FCX).

As a result of thes= fluctuations, listed premiums are now as follows:

v

(Note: Pricing as o= close 02/09/2015)

(*Premium (%) = Bi=/Price (Sh.))

Regar=s,

Danie=

Jeffrey — is this=what you are looking for? Let us know if you would like the past research =eports. Daniel

can you tell me what the recoomendation on fcx was i= oct nov dec.

am i missing someting or has DB recommended fcx all =he way down to 50 percent of its value. ???