Shinhan Investment Corp. Launches New ELS Public Offering Worth 15 Billion KRW

Following KOSPI 200, HSCEI, Euro Stoxx 50, etc.

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment is launching a new public offering of equity-linked securities (ELS) worth 15 billion KRW.

Shinhan Financial Investment announced on the 21st that it will offer the "Super Lizard Step-Down ELS No. 19040" until 1 PM on the 24th.

This product is a 3-year maturity, 6-month interval early redemption no-knock-in product based on the KOSPI 200 Index, Hang Seng China Enterprises Index (HSCEI), and Euro Stoxx 50 Index. On early redemption evaluation dates, if the closing price of each underlying asset is at least 90% of the initial reference price (at 6 and 12 months), 85% (18 months), 80% (24 months), 75% (30 months), or 65% (36 months), an annual return of 8.0% is 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 "Super Lizard ELS," even if the above conditions are not met, if none of the underlying assets' closing prices fall below 85% until the first early redemption evaluation date at 6 months after subscription, an annual return of 8.00% will be paid, and if none fall below 75% until the second evaluation date at 12 months after subscription, an annual return of 8.00% will be paid and automatic early redemption will occur.

The minimum subscription amount is 1 million KRW, and any excess subscription amount will be allocated proportionally. Subscriptions can be made at Shinhan Financial Investment branches and online channels. The total public offering size is 15 billion KRW.

Shinhan Financial Investment stated, "Since the product's yield is linked to the price of the underlying assets, if the underlying assets do not meet the price conditions, the agreed returns may not be received or principal loss may occur," adding, "All stated yields are pre-tax yields."

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