Bangkok, Thailand, January 14, 2021 – In a first for the Thailand warrants market, J.P. Morgan has issued derivative warrants linked to the Nasdaq-100, a U.S. index that tracks the performance of the 100 biggest non-financial companies by market capitalization listed on the Nasdaq Stock Market.
Linked to the movements of the E-mini Nasdaq-100 Futures prices, the four newly-issued warrants (NDX41 DW) began trading on the Thailand Stock Exchange today.
“The new warrants will provide local investors exposure to one of the world’s preeminent large-cap growth indexes that boasts some of the largest domestic and international companies listed on the Nasdaq Stock Market. The two calls and two puts over Nasdaq-100 have varying strikes ranging at index levels from 9,500 to 15,900, providing investors with varying risk appetites more choices under different market conditions,” said Yowjie Chien, head of Global Options Electronic Client Solutions and Global Warrants at J.P. Morgan.
The Nasdaq-100 warrants mark J.P. Morgan’s second investment instrument that offers Thai retail investors exposure to the U.S. markets during local trading hours, following the launch of its S&P 500 warrants in September last year.
“Investors in Thailand are always looking for opportunities to diversify their portfolios and we are excited to be able to broaden their access to foreign markets. We will continue to work closely with the regulators to expand our product offerings to meet the demand of Thai investors,” said Pakorn Buranakul, Chief Executive Officer of JPMorgan Securities (Thailand) Limited.
The Nasdaq-100 was amongst the top performing U.S. stock indexes in 2020, ending the year with a gain of 45 percent based on index levels.
J.P. Morgan launched its derivatives warrants business in Thailand in 2018 and has since listed more than 1,000 warrants on the Stock Exchange of Thailand.
For more information, please visit www.JPMorganDW41.com or call J.P. Morgan DW41 hotline 02-684-2600 for the full list of products on offer.
About J.P. Morgan
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 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.
Nasdaq®, Nasdaq-100 Index®, are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by JPMorgan Securities (Thailand) Limited. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the product(s).
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