JPM Pitches Step-Up Callable Reverse Convert

13 Sep 2010

JPMorgan is preparing to launch a step-up auto-callable reverse convertible linked to General Electric stock.

--Eleni Himaras

JPMorgan is preparing to launch a step-up auto-callable reverse convertible linked to General Electric stock.

Most reverse convertible notes, which pay out in the stock of the underlying if it falls below a predetermined barrier, have simpler payout structures correlating to the price of the underlying. In ...

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