EFTA01451401.pdf

Deutsche Asset & Wealth Management 105/108 Old Broad St (Pinners Hall), EC2N 1EN London, United Kingdom Tel. Mob Em My proposed ideas are being delivered to you by the DeAWM Key Client Partners ("KCP") London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, characteristics and risks associated with any ideas proposed herein and will be able to evaluate it independently. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. <0.4748.gif> Front: Jeffrey Epstein <ieevacationAstmail.com> To: Vinit Sahni/db/dbcom@DBEMEA, Date: 14/01/2014 10:18 Subject: Re: Jeffrey - Mexico -> MBONO 30y look interesting [C] agreed lets do 3m On Tue, Jan 14, 2014 at 4:23 AM, Vinit Sahni wrote: Classification: Confidential Jeffrey - was looking for value in the EM space, post the PDVSA analysis, started looking at Mexico... here is a trade I think makes sense -> buying MBONO 30y unhedged At around 7.5% yield, inflation probably in the 3-4% in the CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0107976 CONFIDENTIAL SONY GM_00254160 EFTA01451401