JPMorgan Issues Big Reverse Converts Offering

14 Sep 2009

JPMorgan Chase & Co. rolled out a big offering of reverse convertible notes today—USD40 million linked to the common stock of General Electric Co. and USD17 million linked to Chesapeake Energy Corp.

--Zeke Faux

JPMorgan Chase & Co. rolled out a big offering of reverse convertible notes today—USD40 million linked to the common stock of General Electric Co.and USD17 million linked to Chesapeake Energy Corp.

Both series of notes mature in six months and pay a high annual coupon—15% for GE ...

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