Bloomberg reported that JPMorgan Chase & Co has sold $35 million one-year notes linked to the price of gold, which marks the highest level in three years.
As quoted in the market report:
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.
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