JP Morgan launches Confidence notes in Singapore

The two-and-a-half year non-principal protected notes, which are denominated in both Singapore and US dollars, offer a quarterly fixed coupon of 7.2% pa (SG$) or 8.2% (US$) until the occurrence of early redemption or maturity. The notes are linked to four Asian indexes comprising the MSCI Sing Cash IX, the Hang Seng China Enterprises, the Hang Seng and the MSCI Taiwan.

The mandatory redemption feature is activated if on any of the 10 valuation dates, bar the final, the closing levels of all f

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