JPMorgan Chase & Co. and First Trust Advisors L.P. announced the launch of KEYnotes Exchange Traded Notes (ETNs) linked to the First Trust Enhanced 130/30 Large Cap Index.
The ETNs are issued by JPMorgan Chase & Co. and are listed for trading on the American Stock Exchange under the symbol “JFT” and mature on May 25, 2023.
The Index is a modified equal weighted total return index designed to offer 130% long and 30% short exposure to selected large capitalization U.S. publicly traded equity securities through the application of a disciplined, objective investment methodology.
First Trust Portfolios L.P. will assist in the marketing of the ETNs targeting the broker/dealer market segment across the country.