Hyundai Motor Securities, Public Offering of One Type of Step-Down ELS by No Nakin

[Asia Economy Reporter Kum Boryeong] Hyundai Motor Securities is launching a public offering of one type of no-knock-in step-down equity-linked securities (ELS).

Hyundai Motor Securities announced on the 11th that it will offer a total of 2 billion KRW worth of no-knock-in step-down ELS products until 1 PM on the 13th.

'Hyundai Motor Securities ELS 2084' is a 3-year principal non-guaranteed product based on KOSPI 200, HSCEI, and S&P 500.

This product is structured with a step-down mechanism every 6 months. If all underlying assets are at or above 90% (6 months), 85% (12 and 18 months), 80% (24 months), and 75% (30 months) of their initial reference prices at each 6-month interval, it pays a pre-tax annual return of 5.30% and is automatically early redeemed.

Even if early redemption does not occur, if on the maturity evaluation date all underlying assets are at or above 65% of their initial reference prices, it will be redeemed at maturity with a pre-tax return of 15.90% (annual 5.30%).

This public offering product is classified as high risk due to the separation of financial investment products. The minimum subscription amount is 1 million KRW. Subscriptions are available at all Hyundai Motor Securities branches nationwide and on their website. For more details, please contact the Hyundai Motor Securities Smart Finance Center.

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