Hong Kong, February 6, 2023 – J.P. Morgan today announced the launch of new callable bull/bear contracts (CBBCs) linked to the three major U.S. indices, including S&P 500, Nasdaq 100, and Dow Jones Industrial Average. The new CBBCs will begin trading on the Hong Kong Exchange on February 9, offering investors broader investment opportunities to gain exposure to the U.S. market during local trading hours.
“Since launching our U.S. Indices Warrants in 2020, we have seen an increasing demand for U.S.-based derivative products. The newly issued CBBCs are expected to provide investors with additional investment tools to gain access to the world’s largest stock market during Asia friendly hours. It is an alternative investment opportunity for investors with different risk appetite to further diversify or hedging their portfolios,” said Cedric Cheung, Head of Listed Structured Products Sales for Asia at J.P. Morgan.
U.S index derivative products are receiving more attention and inflow, reflected in the notional amount sold on Hong Kong Stock Exchange. In 2022, the amount sold tripled from 2021. While U.S based derivative products are becoming more competitive, J.P. Morgan continues to perform well in this category. Last year, the firm was the #1* issuer of U.S. indices derivative products based on the notional sold amount in Hong Kong.
“We are excited to continue our momentum as a leading issuer of derivative products in Hong Kong and are committed to working closely with the regulators to broaden the variety of derivative products offerings to meet the demands of Hong Kong investors,” said Yowjie Chien, Head of Global Options Electronic Client Solutions and Global Warrants at J.P. Morgan.
For more information, please visit https://jpmhkwarrants.com/en_hk.
* Calculation is based on the net sold notional amount by each issuer in 2022. Source: Bloomberg and HKEX
Net sold notional amount = (No. of warrants & CBBCs net sold or net bought / divisor) x underlying closing price x FX
About J.P. Morgan
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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