Hi Investment & Securities, Lizard Step-Down Type ELS Public Offering

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 24th that it will offer a total of 4 billion KRW worth of equity-linked securities (ELS) through a public offering until 1 PM on the 28th.

HI ELS 2111 is a 3-year maturity, semi-annual early redemption type ELS based on three underlying assets: the KOSPI 200 index, the Hong Kong Hang Seng Index (HSI), and the EUROSTOXX 50 index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% (6 months), 90% (12 months), 85% (18 months), 85% (24 months), 80% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 12.0% (4.0% per annum).

Even if the early redemption conditions are not met, if from the initial reference price evaluation date (exclusive) to the first early redemption evaluation date (6 months), the closing prices of all underlying assets have never fallen below 85% of the initial reference price during that period, or if until the second early redemption evaluation date (12 months), the closing prices of all underlying assets have never fallen below 83% of the initial reference price during that period, a lizard return rate of 4.00% per annum will be paid upon redemption.

If neither the lizard nor the automatic early redemption conditions until maturity are met, but at maturity the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return rate will be paid. However, if any one of the underlying assets falls below 65%, principal loss may occur according to the maturity redemption conditions.

The minimum subscription amount for this product is 1 million KRW or more, in units of 100,000 KRW.

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