Kiwoom Securities Sells ELS Based on US Stock Underlyings

[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities announced on the 7th that it is launching six types of equity-linked securities (ELS) with various underlying assets and structures to expand investors' choices and is accepting subscriptions.

ELS are financial investment products based on stock indices or stocks as underlying assets, where profits are repaid if the underlying asset prices meet pre-agreed conditions, and losses occur if the conditions are not met.

This week's products sold by Kiwoom Securities include four step-down early redemption type ELS with knock-in barriers of 45% to 55%, and two booster call early redemption type ELS with a maximum loss limited to -10%, totaling six types.

The underlying assets consist of global stock indices, U.S. stocks, and large domestic stocks. Representative underlying assets include the S&P 500 index, Tesla, and Samsung Electronics.

Kiwoom's 'New Global 100 trillion 49th ELS' is a product with a one-year maturity that offers early redemption opportunities every three months, with an expected maximum (pre-tax) annual return of 30%. The New Global 100 trillion ELS consists entirely of companies with a market capitalization of over 100 trillion won, and this week's product's underlying assets are two stocks: Tesla common stock and Nvidia common stock. If the prices of both underlying assets are at least 90% of the initial reference price at 3 and 6 months, 85% at 9 months, and 75% at 12 months, early redemption occurs with a pre-tax annual return of 30%. Even if early redemption does not occur, if during the investment period the underlying asset prices never fall below 45% of the initial reference price, the product is repaid at maturity with a pre-tax 30% return. However, if any of the underlying assets fall below 45% of the initial reference price at any time, principal loss may occur.

Kiwoom Securities' 1344th ELS is a principal-protected product with a maximum possible loss limited to -10%. It has a one-year maturity with early redemption opportunities every three months. If the prices of the underlying assets, NAVER common stock and Samsung C&T common stock, are both at least 100% of the initial reference price at 3, 6, and 9 months, early redemption occurs with a pre-tax annual return of 9%. If early redemption does not occur, at maturity, if the underlying assets have risen compared to the initial reference price, the profit is paid accordingly; if they have fallen, losses occur accordingly, but even if the decline exceeds -10%, the loss rate is capped at -10%. The conditions are based on the stock with the smaller rate of increase among the two underlying assets.

In addition, Kiwoom is selling one ELS composed solely of stock indices such as the S&P 500 index, HSCEI index, and EuroStoxx 50 index, and three ELS including large domestic and foreign stocks such as Samsung Electronics, Hyundai Motor, and Disney, totaling six products. Subscription closes at 1 p.m. on the 8th.

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