US Wrap: UBS joins reverse convertible action

Despite carrying the same pricing dates, the terms of the duplicate notes differ in terms between each issuer. ABN offers a 15% annualised coupon for a three-month note linked to JP Morgan stock, against the 13% coupon offered on the same reference equity by UBS over six months, although this is mitigated by a slightly lower conversion barrier before investors are repaid in stock. JP Morgan as an issuer is continuing the financials theme, offering a six-month note linking to the stock of US Banc

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