J.P. Morgan pioneers S&P 500 warrants in Thailand

Bangkok, Thailand, September 30, 2020 – J.P. Morgan has issued derivative warrants linked to the Standard and Poor’s 500 Index (S&P 500) in Thailand, becoming the first company to offer local investors the opportunity to broaden exposure to the U.S. stock market during local trading hours.

Photo Caption: The official launch of J.P. Morgan S&P 500 warrants at the Stock Exchange of Thailand, from left: Mr. Tosapol Kerdphol, Vice President, J.P.Morgan Securities Thailand; Dr. Riinjai Chakornpipat, Senior Executive Vice President Head of Markets Division and Managing Director – Thailand Future Exchange Public Company Limited; Dr. Pakorn Peetathawatchai, President, Stock Exchange of Thailand; M.L. Chayotid Kridakon, Senior Country Officer, J.P. Morgan Thailand; Mr. Pakorn Buranakul, J.P.Morgan Securities (Thailand) Director; Ms. Sirinthip Boonlue, Executive Director, JPMorgan Chase Bank N.A.

The new warrants (SPX41C2012U) began trading on the Stock Exchange of Thailand on last Monday, with turnover reaching THB 1.75 million on the first trading day. The listing closed up 22.7 percent on the first day of trade, and gained 13.5 percent in its first overnight trade.

“Volatility has risen significantly since the beginning of the year and investors are always looking for opportunities to diversify their portfolios. The debut of the S&P 500 warrants, which is linked to the movements of E-mini S&P 500 Futures, provide local eligible investors another alternative to gain exposure to the volatility in the world’s largest stock market,” said Chayotid Kridakon, Senior Country Officer of J.P. Morgan Thailand.

The S&P 500 warrants mark J.P. Morgan’s second foreign derivative warrants offering in the country, following the launch of its Hang Seng warrants in March this year. The global financial services firm launched its derivatives warrants business in Thailand in 2018, and has since listed more than 1,000 warrants on the Stock Exchange of Thailand.

“As a leading issuer of derivative warrants in Thailand, we are committed to providing investors with wider variety of instruments for different market conditions and risk appetites,” said Kridakon.

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.

 

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Note:  Investors should study and understand the products, return conditions, and risk factors before making an investment.

 

The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by J.P. Morgan Securities (Asia Pacific) Limited (“J.P. Morgan”).  Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) , these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by J.P. Morgan.  The products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index.

 

Media contact:

Maetavarin Maneekulpan | +66-2260-5820 | mae@tqpr.com

Li Anne Wong | +65-9677-4574 | lianne.wong@jpmorgan.com

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