Shinhan Investment Corp. Launches Lizard Step-Down ELS Worth 10 Billion KRW

Subscription Available Until 1 PM on the 28th

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment is launching a public offering of equity-linked securities (ELS) worth 10 billion KRW.

Shinhan Financial Investment announced on the 26th that it will publicly offer Lizard Step-Down Type ELS No. 18785 with a total scale of 10 billion KRW until 1 PM on the 28th.

This product is a 3-year maturity ELS with early redemption every 6 months, based on the KOSPI 200 Index, the Hang Seng China Enterprises Index (HSCEI), and the Euro Stoxx 50 Index. On early redemption evaluation dates, if the closing price of each underlying asset is at least 95% (6 months), 90% (12 months), 85% (18 months, 24 months), 80% (30 months), or 65% (36 months) of the initial reference price, an annual return of 4.3% will be paid. If the closing price of the underlying assets on the maturity evaluation date is below 65% of the initial reference price, principal loss may occur.

However, as a "Lizard ELS," even if the above conditions are not met, if none of the underlying assets' closing prices fall below 80% until the second early redemption evaluation date, which is 12 months after subscription, an annual return of 6.45% will be paid and automatic early redemption will occur.

The minimum subscription amount is 1 million KRW. Subscriptions are available at Shinhan Financial Investment branches and online channels. Since the investment product's yield is linked to the prices of the underlying assets, if the underlying assets do not meet the price conditions, the contracted returns may not be received or principal loss may occur. All stated yields are pre-tax returns.

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