US Wrap: JP Morgan offers European growth with downside gearing

The majority of launches which accompanied the unusual structure yesterday were reverse convertibles. Most of the notes came from Wells Fargo with the external credit packaging of Eksportfinans. ABN Amro joined with a single offering, which was the second note of the day linked to Microsoft. It lasts one year and pays a 9.5% annualised coupon, with a relatively high stock conversion barrier of 85%. Wells Fargo had also launched a six-month note linked to the stock, offering a barrier of 80% and

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: