Retrospective: JP Morgan autocall victim of short-termism

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newsminedigger

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JP Morgan issued a six-month reverse convertible note in July 2011. The note, which was analysed in the November 2011 issue of Structured Products, includes an autocall option that paid fixed monthly coupons equal to 8% per annum, equivalent to 4% throughout the product term. The payments were made regardless of the performance of the underlyings (the Russell 2000 Index and the SPDR S&P Metals and Mining ETF) and this product gave an opportunity to make

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