EFTA00631127.pdf

From: Daniel Sabba To: "jeffrey E." <jeevacation@gmail.com> CC: Paul Morra, Vahe Stepanian Kahn Subject: McDonalds Indications: long ly TRS + short 100% European call [C] Date: Fri, 30 Jan 2015 18:39:16 +0000 Inline-Images: image003.jpg >, Richard Classification: Confidential Jeffrey, Please see below MCD ly Vols —they are much lower than LNKD or TWTR. IA on this trade would be 25% of Notional. The indications below work for $5mm notional. McDonalds 1y 100% vol Southern Financial longs MCD through ly TRS: • SF pays 1mL+75bps to receive total return • $0.03 commission in and out, optional early termination applicable, monthly resets Southern Financial shorts MCD ly 100% European calls: • DB bids 5.25% • Vol: 17% Regards, Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Tel. +1 212 454 0857 Mobile +1 917 374 4185 EFTA00631127 Email This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00631128