JPMorgan Chase & Co. Nasdaq 100 Stock Warrant

JPMorgan Chase & Co. Nasdaq 100 Stock Warrant is a non-collateralized structured financial instrument issued by JPMorgan Chase & Co. in the Hong Kong market. This asset represents a put warrant linked specifically to the Nasdaq 100 Index, allowing investors to potentially benefit from a decline in the index’s value within a defined period. The warrant gives holders the right, but not the obligation, to sell the underlying index at a preset strike level—set at 15,000 for this issuance—until its maturity date, which is December 19, 2025. Its conversion ratio is 48,000, meaning significant leverage relative to small movements in the Nasdaq 100 Index price. As a put warrant, it plays a vital role in portfolio hedging, tactical trading, and risk management. Investors may use such warrants to hedge exposure to U.S. technology and growth sectors or to express bearish views on major U.S. equities indirectly. As with all derivative warrants traded in Hong Kong, these instruments have a finite lifespan and are typically settled in cash at expiry based on the difference between the strike price and the underlying index’s closing value. The structure and terms provide flexible, short-term tools for sophisticated market participants to navigate index movements.