Hi Investment & Securities Launches Two ELS Products Offering Up to 7% Annual Returns

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 23rd that it will offer two types of equity-linked securities (ELS) totaling 8 billion KRW through a public offering until 1 PM on the 25th.

HI ELS No. 2148 is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 index. On automatic early redemption evaluation dates, if the closing price of the underlying asset is at least 90% of the initial reference price (at 6 and 12 months), 85% (at 18 and 24 months), 80% (at 30 months), or 65% (at 36 months), it pays a maximum return of 15.00% (5.00% per annum). Additionally, at maturity, if the closing price of the underlying asset is at least 65% of the initial reference price, the initially offered return is paid. However, if the closing price falls below 65%, principal loss may occur depending on the maturity redemption conditions.

HI ELS No. 2149, offered during the same period, is a 3-year maturity, semi-annual early redemption type ELS based on 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 85% of the initial reference price (at 6, 12, 18, and 24 months), 80% (at 30 months), or 65% (at 36 months), it pays a maximum return of 21.00% (7.00% per annum). At maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return is paid. However, if any one of the underlying assets falls below 65%, principal loss may occur depending on the maturity redemption conditions.

The minimum subscription amount for the products is 1 million KRW, with additional subscriptions in units of 100,000 KRW.

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