Kiwoom Securities Launches 5 Types of ELS

[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities announced on the 26th that it is launching five types of ELS with various expected returns and is accepting subscriptions.

Kiwoom Securities' 1275th ELS offers an expected annual return of 5.5% and is a typical step-down early redemption type ELS with a 3-year maturity and early redemption opportunities every 6 months. The underlying assets are the S&P 500 Index, NIKKEI 225 Index, and HSCEI 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, early redemption occurs with a pre-tax annual return of 5.5%. 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 principal will be repaid at maturity with a pre-tax return of 16.5% (annual 5.5%). However, if any of the underlying assets have fallen below 50% of their initial reference prices, principal loss may occur.

Kiwoom Securities' 1274th ELS offers an expected annual return of 12.1% 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 five 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 occurs with a pre-tax annual return of 12.1%.

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 occurs with a pre-tax annual return of 12.1%. After this, there are no lizard conditions, so like other step-down early redemption 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 12.1% is 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 principal will be repaid at maturity with a pre-tax return of 36.3%. If any underlying asset has fallen below 50% of its initial reference price, principal loss may occur.

Additionally, ELS products with Tesla and NVIDIA as underlying assets with a 1-year maturity and 3-month early redemption cycles, as well as ELS with Netflix and AMD as underlying assets, were also launched. Subscription closes at 1 PM on the 28th.

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