Yujin Investment & Securities Announces Third Special Public Offering of ELS Worth 2 Billion KRW

[Asia Economy Reporter Minji Lee] Eugene Investment & Securities announced on the 11th that it will offer a special public offering of one step-down type ELS product worth a total of 2 billion KRW until 2 PM on the 13th.

The ‘346th ELS,’ the third special offering product introduced this year, is based on the Standard & Poor's 500 Index (S&P500), the Hang Seng China Enterprises Index (HSCEI), and the Nikkei 225 Index (NIKKEI225). It is a 3-year maturity principal non-guaranteed product with a step-down structure. Since April, Eugene Investment & Securities has been issuing special ELS products with enhanced returns and stability to support customers' successful investments.

This ‘346th ELS’ offers early redemption and maturity redemption opportunities every six months, with a pre-tax annual return of 8.1% upon early or maturity redemption. If the closing prices of all underlying assets are at least 85% of the initial reference price on the early redemption evaluation dates (6, 12, 18, 24, and 30 months), early redemption will occur. If the closing prices are at least 75% on the maturity evaluation date (36 months), the maturity redemption condition is met, yielding a pre-tax return of 24.3%.

Additionally, according to the knock-in structure (knock-in barrier at 50%), even if the closing prices of the underlying assets are below 75% of the initial reference price on the maturity evaluation date, maturity redemption will occur if none of the underlying assets have fallen below 50% of the initial reference price until the maturity evaluation date. However, if these conditions are not met, principal loss will occur.

Kim Kyuhwan, Head of Financial Products at Eugene Investment & Securities, said, “The first early redemption barrier is low at 85%, so there is a high possibility of early redemption within six months,” and added, “It is excellent that it offers a high coupon of 8.1% compared to the low knock-in barrier of 50%.”

The minimum subscription amount for this public offering product is 1 million KRW or more (increasing in units of 100,000 KRW), and subscriptions are available at Eugene Investment & Securities’ nationwide branches, website, MTS, and HTS.

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