J.P. Morgan Plans Five Callable Bull/Bear Contracts Tied to Tencent, Meituan, Ping An and Xiaomi

Deep News11-03 20:21

On November 3, J.P. Morgan Structured Products B.V. published a supplementary listing document for the proposed issue of five European-style cash-settled category R callable bull contracts, unconditionally and irrevocably guaranteed by JPMorgan Chase Bank, National Association, with a launch date of November 2, 2026, an issue date of November 4, 2026, and an expected listing date of November 5, 2026.

The five callable bull/bear contracts carry stock codes 61310, 61495, 61496, 61511 and 61515, with underlying shares being Tencent Holdings Ltd (HKG: 0700), Tencent Holdings Ltd (HKG: 0700), Meituan (HKG: 3690), Ping An Insurance (Group) Company of China Ltd (HKG: 2318) and Xiaomi Corporation (HKG: 1810) respectively.

The issue sizes are 100 million, 100 million, 80 million, 80 million and 80 million units respectively, with each issue price ranging from HK$0.060 to HK$0.077, the exercise price ranging from HK$26.600 to HK$391.600, and the call price ranging from HK$27.000 to HK$394.800.

The maturity dates are July 9, 2027, July 9, 2027, May 14, 2027, July 14, 2028 and May 14, 2027 respectively, with the settlement currency being Hong Kong dollars in all cases.

The issuer's board of directors passed a resolution on March 2, 2026 authorizing the issue of these callable bull/bear contracts, while the guarantor's board of directors adopted a resolution on December 8, 2015 authorizing the giving of the guarantee.

The callable bull/bear contracts may only be issued subject to the granting of listing approval by the Stock Exchange of Hong Kong.

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