Shinhan Financial Investment Announces Public Offering of Early Redemption Step-Down ELS

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment announced on the 6th that it will offer early redemption step-down equity-linked securities (ELS) through public subscription until 1 PM on the 7th.

'Shinhan ELS No. 18692' is a product based on the KOSPI 200, Euro Stoxx 50, and HSCEI indices. The maturity is 3 years, with early redemption opportunities every 6 months. It aims for an annual return of 3.5%.

On early redemption evaluation dates, if the closing price of each underlying asset is at least 90% of the initial price (at 6 and 12 months), 85% (at 18 months), 80% (at 24 months), or 75% (at 30 months), early redemption occurs with a 3.5% annual return. At maturity, if the closing price of the underlying assets is at least 65%, redemption occurs with a 3.5% annual return.

This product is a 'Lizard' type, which provides early redemption opportunities even if on the first (6 months) or second (12 months) early redemption evaluation dates, the closing price of any underlying asset is below 90%, and early redemption does not occur.

If from the issue date to the early redemption evaluation date, the closing price has never fallen below 85% (first early redemption evaluation date) or 75% (second early redemption evaluation date) of the initial price, early redemption occurs with a 3.5% annual return respectively.

The minimum subscription amount is 1,000,000 KRW. Since the return is linked to the price of the underlying assets, if the underlying assets do not meet the price conditions, the agreed return may not be received, or principal loss may occur. All stated returns are pre-tax. For more details, please check the Shinhan Financial Investment website and the mobile app 'Alpha'.

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