Subject: Re: Equity ideas Date: Tue, 24 Jun 2014 02:55:45 +0000 Yes Sent from my iPhone On Jun 23, 2014, at 6:36 AM, EE EE wrote: did you print this out for JE? Begin forwarded message: From: "Barrett, Paul S" <j > Subject: Equity ideas Date: June 19, 2014 2:37:10 PM EDT = Please print out for JE. Thx As a proposal for $50,000,000 equity investment, please find our top seven themes below with the recommended allocation. Would only average in over a 4 week period to take advantage of any summer volatility. SPX Market Plus Note (20%) Tenor: 18 month Issuer: SocGen Contingent Barrier: 19.90% Coupon: 0% Max Return: Uncapped Healthcare (20%) Name Ticker Rating JPMS Target MERCK & CO. INC. MRK $64.00 ROCHE ROG $280.00 HUMANA HUM $150.00 BRISTOL-MYERS SQUIBB CO BMY $60.00 GILEAD SCIENCES GILD $100.00 Energy (20%) Name Ticker Rating JPMS Target CONTINENTAL RESOURCES INC/OK CLR ow $154.00 EFTA00367503

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CABOT OIL & GAS CORP HALLIBURTON CO SCHLUMBERGER LTD LYONDELLBASELL INDU-CL A WESTLAKE CHEMICAL CORP U.S. Defense Contractors (10%) Name IPMS Target LOCKHEED MARTIN CORP $144.00 BOEING CO/THE $167.00 NORTHROP GRUMMAN CORP $108.00 RAYTHEON COMPANY 7 $88.00 GENERAL ELECTRIC $27.00 Cable Consolidation (10%) Name Ticker Rating JPMS Target VERIZON COMMUNICATIONS INC vz ow $55.00 TV DIRECTV D . DISH NETWORK CORP-A ow $72.00 T-MOBILE US INC Ow $36.00 Travel Consolidation (10%) Name TPS Target HERTZ GLOBAL HOLDINGS INC $32.00 AVIS BUDGET GROUP INC $59.00 DELTA AIR LINES INC DAL ow $54.50 AMERICAN AIRLINES GROUP INC AAL ow $57.50 STARWOOD HOTELS & RESORTS $87.00 MARRIOTT INTERNATIONAL CLA MAR [OW | $70.00 EuroStoxx Banks Index (SX7E) Market Plus Note (10%) Improving outlook for European bank lending and net interest income with new TLTRO program which allows banks to borrow up to €400 bn in first wave and up to 3x the increase in net lending in the second wave. Tenor: 2yr Issuer: CS Barrier at expiry: 15% Coupon: 6% Max Return: Uncapped Paul Barrett | Managing Director | Global Investment Opportunities Group | J.P. Morgan Securities LLC | J.P. Morgan Private Bank | J.P. Morgan Chase Bank N.A. NOT AN OFFICIAL CONFIRMATION EFTA00367504

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