JP Morgan issues new €400m LVMH synthetic
![LVMH_alamy_230x150](https://assets.euromoneydigital.com/dims4/default/b5fce7d/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F37%2F9d%2Fcbf9ac09c548e48c249d615da6cc%2Flvmh-alamy-230x150.jpg)
JP Morgan this week issued a €400m cash-settled exchangeable on LVMH, the French luxury goods conglomerate, in its latest synthetic outing, raising cheap funding while possibly hedging a derivatives transaction.
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