Shinhan Financial Investment Launches Monthly Payment Step-Down ELS Worth 10 Billion KRW

Online Event Offering Gifts to Customers Who Sign Up

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment is launching a new monthly payment step-down Equity-Linked Securities (ELS) worth 10 billion KRW.

Shinhan Financial Investment announced on the 27th that it will募集 the monthly payment step-down ELS No. 19058 with a limit of 10 billion KRW until 1 PM on the 29th.

ELS No. 19058 is a product based on the Euro Stoxx 50, HSCEI, and S&P 500 indices. It has a maturity of 3 years, offers early redemption opportunities every 6 months, and targets an annual return of 7.62%.

On each monthly payment evaluation date, if the closing prices of all underlying assets are at least 65% of their initial reference prices, a pre-tax return of 0.635% is paid. If all underlying assets are at or above 95% (6 months), 90% (12 months), 85% (18 and 24 months), 80% (30 months), and 65% (36 months) of their initial reference prices, the principal is returned on the early redemption or maturity payment date. If on the maturity evaluation date, any underlying asset’s closing price is below 65% of the initial reference price, principal loss may occur.

Since the product’s returns are linked to the prices of the underlying assets, if the price conditions are not met, the agreed returns may not be received, or principal loss may occur. All stated returns are pre-tax.

Meanwhile, an event is being held for customers who subscribe online via the Home Trading System (HTS), Mobile Trading System (MTS), or web. Emart gift certificates will be awarded by lottery according to the subscription amount. Detailed information can be found on the Shinhan Financial Investment website and the mobile application 'Alpha'.

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