JP Morgan debuts Alerian note using Bear licence
JP Morgan's note will trade alongside the original ETN that Bear launched linked to the index, which was listed on the New York Stock Exchange in July 2007. The BearLinx Alerian MLP Select Index ETN was only the eighthnote launched on the NYSE and the first to pay income on a quarterly basis. It was also the bank's only ETN offering.
JP Morgan has issued the new deal because it could not increase the size of the existing Bear deal post-merger for legal reasons, says Nikki Tippins, managing
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