US Wrap: JP Morgan offers investors the lesser option

The note was one of only five launched into the US market over the past two days, in what is unfolding as a slow week for issuance. In the same period, both Wachovia and Natixis have opted for the external credit of Eksportfinans to back their products. The latter warily issued a single reverse convertible linked to JP Morgan, while Wachovia launched a slightly more adventurous accelerated growth note linked to an international equity fund.

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