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Former Lehman Brothers CFO: JPMorgan’s New Crypto Bond is Not for the Faint of Heart
Summary: Brad Hintz, former corporate treasurer for Morgan Stanley and CFO for Lehman Brothers said that JPMorgan’s new “structured notes” for cryptocurrency-related stocks has many risks, "not for the faint of heart." If the overall market declines or goes flat, an investor in this note is toast. Structured products like this are typically engineered for specific investors ...
Brad Hintz, former corporate treasurer for Morgan Stanley and CFO for Lehman Brothers said that JPMorgan’s new “structured notes” for cryptocurrency-related stocks has many risks, "not for the faint of heart." If the overall market declines or goes flat, an investor in this note is toast.
Structured products like this are typically engineered for specific investors who don’t want an OTC derivative contract that could easily deliver the same return characteristics as the note.
By Amy Liu
Tags: Brad Hintz,Crypto Bond,JPMorgan
Link: Former Lehman Brothers CFO: JPMorgan’s New Crypto Bond is Not for the Faint of Heart [Copy]
