Hi Investment & Securities Announces Public Offering of 3 ELS Products with Up to 10% Annual Returns
[Asia Economy Reporter Ji-hwan Park] Hi Investment & Securities announced on the 25th that it will offer three types of equity-linked securities (ELS) totaling 3 billion KRW by 1 PM on the 29th.
HI ELS No. 2183 is a 3-year maturity, early redemption type ELS with quarterly evaluation, based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and 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 4, 8, and 12 months), 80% (at 16, 20, and 24 months), 75% (at 28 months), 70% (at 32 months), and 65% (at 36 months), it pays a maximum return of 21.06% (7.02% annualized). 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. If any of the underlying assets fall below 65%, principal loss may occur depending on the maturity redemption conditions.
HI ELS No. 2184, offered during the same period, is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% (at 6 and 12 months), 85% (at 18 and 24 months), 80% (at 30 months), and 65% (at 36 months) of the initial reference price, it pays a maximum return of 18.00% (6.00% annualized). Even if early redemption conditions are not met, if during the period from the initial reference price evaluation date (exclusive) to the first early redemption evaluation date (6 months), the closing prices of all underlying assets never fall below 80% of the initial reference price (Lizard Condition 1), or until the second early redemption evaluation date (12 months), the closing prices never fall below 75% (Lizard Condition 2), a lizard return of 9.00% per annum is paid upon redemption.
HI ELS No. 2185 is based on the NIKKEI 225 Index, Hong Kong Hang Seng Index (HSI), and Standard & Poor's (S&P) 500 Index. It is a 3-year maturity, semi-annual early redemption type ELS. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 95% (6 months), 90% (12 months), 85% (18 months), 80% (24 months), and 75% (30 and 36 months) of the initial reference price, it pays a maximum return of 30.00% (10.00% annualized).
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The minimum subscription amount for the product is 1 million KRW, with additional subscriptions possible in increments of 100,000 KRW.
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