The product offers investors exposure to the Hang Seng China Enterprises Index in China and the MSCI Taiwan Index and issues quarterly coupons conditional on the number of days they outperform the Japanese Nikkei index within a given percentage range.
As returns were based on the relative performance of the indices concerned, there was potential for investors to realise positive returns in both rising and falling markets, JP Morgan said.
"This type of pay-off recognises investors' desire to take advantage of the significant potential offered by the emerging markets of China and Taiwan, while limiting risk," JP Morgan equity derivatives and structured products executive director David Jones-Prichard said.
The five-year capital-protected product is called COPS, an acronym for Callable Outperformance Securities Series 1.
