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JP Morgan offers equity/cash balance with IPO Stratas

JP Morgan in Australia has launched the IPO Target Redemption Strategic Asset Securities (IPO Stratas) product, a market-neutral structured investment that offers Citi's retail investors exposure to the outperformance of the Ipox-30 Global (All Markets) Index, which measures the most liquid initial public offerings and spin-offs, against the S&P 500 Index.

The principal-protected product, available

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