US Wrap: JP Morgan bullish on finance and property

JP Morgan has launched a new product linked to the fortunes of both real estate and banking stocks. The accelerated growth note lasts two years and offers 200% participation in three exchange-traded funds (ETFs): the Financial Select Sector Spdr fund, the iShares DJ US Real Estate Index and the SPDR S&P Homebuilders. Upside performance is capped at 48.5% and it incorporates a 15% downside buffer.

Credit Suisse also linked to an exchange-traded product, structuring a principal protected note on

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