Kiwoom Securities Launches Tesla and Nvidia ELS
[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities announced on the 30th that it has launched a 1-year maturity ELS (Equity-Linked Securities) based on Tesla and Nvidia as underlying assets.
The underlying assets of the 'Kiwoom No. 1237 ELS' are the US stocks Tesla and Nvidia, with a maturity of 1 year and an expected annual return of 18.5%. If the prices of both Tesla common stock and Nvidia common stock, the underlying assets, are at least 95% (3 months), 90% (6 months), and 85% (9 months) of the initial reference price, early redemption will occur with a pre-tax annual return of 18.5%. Even if early redemption does not occur, if the prices of the two underlying assets at maturity are at least 75% of the initial reference price, a pre-tax annual return of 18.5% will be earned. However, if either of the underlying assets has fallen below 50% of the initial reference price at any time, principal loss may occur.
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Kiwoom Securities also launched the No. 1238 ELS and No. 1239 ELS, which are step-down type ELS with a 3-year maturity and early redemption opportunities every 6 months. Subscription closes at 1 PM on the 31st of this month.
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