Hana Financial Investment Launches Three Online-Only All Hana ELS Products

[Asia Economy Reporter Eunmo Koo] Hana Financial Investment announced on the 26th that it will offer three types of All Hana equity-linked securities (ELS) exclusively online. The subscription period is until 1:30 PM on the 29th.

First, the ‘Hana Financial Investment ELS Series 11094’ seeks an annual coupon of 9.00% based on the Hong Kong Index (HSCEI), European Index (EUROSTOXX50), and U.S. Index (S&P500). The maturity is 3 years, with a total of 6 redemption opportunities every 6 months. The redemption conditions are 90% or more of the initial reference price (1st-2nd), 85% or more (3rd), 80% or more (4th), 75% or more (5th), and 65% or more (at maturity), with no knock-in.

However, if early redemption does not occur within 6 months and the underlying asset price has never fallen below 85% of the initial reference price, a coupon of 4.50% (annual 9.00%) is paid on the 6th month. If early redemption does not occur within 1 year and the underlying asset price has never fallen below 80% of the initial reference price, a coupon of 9.00% is paid on the 1st year. If early redemption does not occur within 1 year and 6 months and the underlying asset price has never fallen below 75% of the initial reference price, a coupon of 13.50% (annual 9.00%) is paid on the 1 year 6 months, and the multi-lizard ELS is liquidated (the lizard coupon is paid at 1.0 times the regular coupon).

Also, the ‘Hana Financial Investment ELS Series 11095’ seeks an annual coupon of 7.02% based on the Hong Kong Index (HSCEI), European Index (EUROSTOXX50), and U.S. Index (S&P500). The maturity is 3 years, with a total of 9 redemption opportunities every 4 months. The redemption conditions are 90% or more of the initial reference price (1st-2nd), 85% or more (3rd), 80% or more (4th-6th), 75% or more (7th), 70% or more (8th), and 65% or more (at maturity), with no knock-in.

However, if early redemption does not occur within 4 months and the underlying asset price has never fallen below 85% of the initial reference price, a coupon of 2.34% (annual 7.02%) is paid on the 4th month. If early redemption does not occur within 8 months and the underlying asset price has never fallen below 80% of the initial reference price, a coupon of 4.68% (annual 7.02%) is paid on the 8th month. If early redemption does not occur within 1 year and the underlying asset price has never fallen below 75% of the initial reference price, a coupon of 7.02% is paid on the 1st year, and the multi-lizard ELS is liquidated (the lizard coupon is paid at 1.0 times the regular coupon).

Lastly, the ‘Hana Financial Investment ELS Series 11096’ seeks an annual coupon of 5.50% based on the Hong Kong Index (HSCEI), Japanese Index (NIKKEI225), and U.S. Index (S&P500). The maturity is 3 years, with a total of 6 redemption opportunities every 6 months. The redemption conditions are 90% or more of the initial reference price (1st-2nd), 85% or more (3rd), 80% or more (4th), 75% or more (5th), and 65% or more (at maturity), with no knock-in.

However, if early redemption does not occur within 6 months and the underlying asset price has never fallen below 75% of the initial reference price, a coupon of 2.75% (annual 5.50%) is paid on the 6th month. If early redemption does not occur within 1 year and the underlying asset price has never fallen below 70% of the initial reference price, a coupon of 5.50% is paid on the 1st year, and the double-lizard ELS is liquidated (the lizard coupon is paid at 1.0 times the regular coupon).

Hana Financial Investment has been offering the ‘All Hana ELS,’ a special online-only product with higher coupons than existing ELS, since the 11th. ELS Series 11094 and 11095 are offered with a limit of 2 billion KRW each, and Series 11096 with a limit of 3 billion KRW. The minimum subscription amount is 1 million KRW, and subscriptions can be made in units of 1 million KRW. The coupons of each derivative-linked product are not guaranteed returns, and principal loss may occur due to operational results or early redemption requested by investors.

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