Global Economic Research & Expertise

Tradeable Index Strategies: Credit

iTraxx TR 

J.P. Morgan's innovative iTraxx Total Return Swaps (TRS) provide exposure to the European credit market through a price-based, funded product whose performance is based on the returns of the on-the-run iTraxx CDS index.

Traditional credit investors can use iTraxx TRS to remove the burden of defaults settlement procedures upon defaults, rolling into new contracts and reinvestment of coupons. Non-traditional credit investors can use them to gain greater diversification for their portfolios through a new asset class.

For more information on specific J.P. Morgan Tradeable Index Strategies, please review product descriptions below or contact your J.P. Morgan representative.

Index Strategies
Index Name Index Level Daily Ret(%) Mthly Ret Ann Ret Level Date
iTraxx TR 0.63 0.00 0.00 0.00 20091203

Note: The data above may not be the latest available and should be used for information purposes only.

IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters address herein or for the purpose of avoiding U.S. tax-related penalties.

Investment suitability must be determined individually for each investor, and the financial instruments described herein may not be suitable for all investors. The products described herein should generally be held to maturity as early unwinds could result in lower than anticipated returns. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own advisors as to these matters.

Structured Investments may involve a high degree of risk, and may be appropriate investments only for sophisticated investors who are capable of understanding and assuming the risks involved. J.P. Morgan and its affiliates may have positions (long or short), effect transactions or make markets in securities or financial instruments mentioned herein (or options with respect thereto), or provide advice or loans to, or participate in the underwriting or restructuring of the obligations of, issuers mentioned herein. J.P. Morgan is the marketing name for JPMorgan Chase & Co. and its subsidiaries and affiliates worldwide. J.P. Morgan Securities LLC is a member of NASD, NYSE and SIPC. Clients should contact their salespersons at, and execute transactions through, a J.P. Morgan entity qualified in their home jurisdiction unless governing law permits otherwise.


Copyright © 2014 JPMorgan Chase & Co. All rights reserved.