EFTA00682284.pdf

From: "Giuffrida, David J" <I To: "Barrett, Paul S" 4 k Jeffrey Epstein Subject: RE: Oil and SGD Date: Wed, 09 Mar 2011 13:35:31 +0000 Jeffrey, We bought SGD, sold $5 MM @ 1.27 spot. Thanks From: Barrett, Paul S Sent: Tuesday, Mardi 08, 2011 4:30 PM To: Jeffrey Epstein Cc: Giuffrida, David 3 Subject: RE: Oil and SGD We sold 2.5MM of the Ford 7% 2015 at 108.50 Bought 2.5MM of the American Axel 7.875% 2017 at 104.625 Thanks Paul From: Jeffrey Epstein [malltoleevacadon@gmalkoom] Sent: Tuesday, Mardi 08, 2011 3:10 PM To: Barrett, Paul S Subject: Re: Oil and SGD ok On Tue, Mar 8, 2011 at 11:58 AM, Barrett, Paul S < > wrote: One last thing: We have 5.2MM of the Ford 7% 2015 which is currently yielding 4.75%. I think we should switch half of the position into American Axel 7.875% 2017. You pick up 200bps over F. AXL supplies parts to the major motor companies and this will diversify our exposure away from F given how much the F bonds have rallied. We also own $5MM of the Ford 2011's. Let me know Paul From: Jeffrey Epstein [mailto; Sent: Tuesday, March 08, 2011 12:04 PM To: Barrett, Paul S Subject: Re: Oil and SGD EFTA00682284 ok On Tue, Mar 8, 2011 at 8:53 AM, Barrett, Paul S < > wrote: Hi Jeffrey What are your thoughts on oil? We still own 50,000 of the 100 calls expiring in June and 50,000 of the 92/100 call spread. My sense is we sit tight given the risk of higher oil prices on the rest of our positions. On a separate note I think we should add another 5MM to SGD this week. I would like to get in around 1.2700. Can I take an order? Thanks Paul Paul Barrett, CFA Managing Director Global Investment Opportunities Group 3PMorgan Private Bank )rk, NY 10019 This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at The information contained in this communication is EFTA00682285 confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of JPMorgan Chase & Co., its subsidiaries and affiliates. This transmission may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by JPMorgan Chase & Co., its subsidiaries and affiliates, as applicable, for any loss or damage arising in any way from its use. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you. Please refer to for disclosures relating to European legal entities. EFTA00682286