EFTA02398555.pdf

From: Paul Barrett Sent: Wednesday, September 27, 2017 2:11 AM To: Jeffrey Epstein Subject: Fwd: TEVA mando Jeffrey We own TEVA via a mandatory convertible. It's down around 60%. Positio= size of $300K. It pays a 7% coupon. Company has a new CEO and selling ass=ts to de-lever. Probably will top up to Slmm and get paid the 7% while we =ait for the turnaround to happen. Paul Barrett Alpha Group Capital LLC Floor, New York, NY 10019 Begin forwarded message: From: "Ens, Amanda" Date: September 26, 2 a To: "Paul Barrett <paul@alphagroupcapital.com <mai to: Subject: TEVA mando Paul, the mando is trading quite cheap to the common=o:p> TEVA mando @ 341 Strip Yield: 20.8% Low strike: 62.50 EFTA_R1_01432584 EFTA02398555 High strike: 75.00 If converted today, it would convert at low strike i=to 16 shares Stock ref: 17.20 16 shares = $275.20 Premium of mando over those shares: $65.80 Mando dividends left: $87.50 Common divs left: $5.44 Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporatatl This message, and any attachments, is for the intended recipient(s) only, m=y contain information that is privileged, confidential and/or proprietary =nd subject to important terms and conditions available at http://www.bankofa=erica.com/emaildisclaimer <http://www.bankofamerica.com/emaildisclaimer> . If you are not the intended recipient, plea=e delete this message. 2 EFTA_R1_01432585 EFTA02398556