JPMorgan Sells Largest Structured Note Tied to Gold Since 2010 Bloomberg

JPMorgan Sells Largest Structured Note Tied to Gold Since 2010  Bloomberg

The securities, issued Jan. 2, yield three times the gains of the price of gold in London up to 15.6 percent, with no protection against losses and all capital at risk, according to a prospectus filed with the U.S. Securities and Exchange Commission. The metal’s price increased 8.3 percent last year in London.
The bank sold $82.4 million of notes tied to gold in eight offerings last year, according to data compiled by Bloomberg. New York-based JPMorgan issued $27.8 million of one-year securities on Oct. 26, the next-largest deal since 2010, when Bloomberg began collecting comprehensive data on U.S. structured notes.
Elizabeth Seymour, a spokeswoman for JPMorgan Chase, declined to comment on the latest offering or future gold notes.