Levels are climbing back to normality for the latest issuance. JP Morgan reverse convertibles have taken a hold of this offering, with metals being the choice underlying.
The first of these is a reverse convertible based on US Steel stock. It is a three-month product that offers annual returns of 12.25%. There is a 75% downside protection barrier; if that is breached capital will be lost at the rate of 1:1.
The overall score for this product barely exceeds the riskmap score, at 5 and 4.9, respec
The week on Risk.net, July 7-13, 2018Receive this by email