Kiwoom Securities Launches 4 Types of ELS

[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities announced on the 12th that it will launch four types of ELS.

Kiwoom Securities’ 1255th ELS offers an expected annual return of 5.1% and is a typical step-down early redemption type ELS with a maturity of 3 years and early redemption opportunities every 6 months. The underlying assets are all widely used representative stock indices: the S&P 500 Index, NIKKEI 225 Index, and Eurostoxx 50 Index. If all underlying assets are at or above 92.5% (6 months), 90% (12 months), 85% (18 months, 24 months), 80% (30 months), and 75% (36 months) of their initial reference prices, the ELS will be redeemed at a pre-tax annual return of 5.1%. Even if early redemption does not occur, if during the investment period none of the underlying assets fall below 50% of their initial reference prices, the ELS will be redeemed at maturity with a pre-tax return of 15.3% (annual 5.1%). However, if any of the underlying assets have fallen below 50% of their initial reference prices, principal loss may occur.

Kiwoom Securities’ 1254th ELS offers an expected annual return of 11.5% and is a lizard ELS that provides additional early redemption opportunities. The underlying assets are the EUROSTOXX 50 Index, SK Hynix common stock, and Celltrion common stock, with early redemption evaluation dates every 6 months over a 3-year maturity. The first early redemption condition is 95% with a lizard redemption barrier at 85%. If the closing prices of all underlying assets on the first automatic early redemption evaluation date are at or above 95% of their initial reference prices, early redemption occurs. Even if this condition is not met, if from issuance to the first automatic early redemption evaluation date none of the underlying assets have fallen below the first lizard barrier (85% of each initial reference price), early redemption will occur, yielding a pre-tax annual return of 11.5%.

The second early redemption condition is 90% with a lizard redemption barrier at 80%. If the closing prices of all underlying assets on the second automatic early redemption evaluation date are at or above 90% of their initial reference prices, early redemption occurs. Even if this condition is not met, if from issuance to the second automatic early redemption evaluation date none of the underlying assets have fallen below the second lizard barrier (80% of each initial reference price), early redemption will occur, yielding a pre-tax annual return of 11.5%.

Afterwards, since there are no lizard conditions, like other step-down early redemption type ELS, if all underlying assets are at or above 85% (18 months, 24 months), 80% (30 months), and 75% (36 months) of their initial reference prices, a pre-tax annual return of 11.5% will be paid. Even if early redemption does not occur, if during the investment period none of the underlying assets fall below 50% of their initial reference prices, the ELS will be redeemed at maturity with a pre-tax return of 34.5%. If any underlying asset has fallen below 50% of its initial reference price, principal loss may occur.

In addition, ELS products with Tesla and Nvidia as underlying assets, and ELS products with Netflix and AMD as underlying assets, both based on U.S. stocks with a maturity of 1 year, were also launched. Subscription closes at 1 PM on the 14th.

This content was produced with the assistance of AI translation services.