Hi Investment & Securities Launches Two ELS Products Offering 6% Annual Investment Returns

Published 27 Jul.2020 10:37(KST)

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 27th that it will offer two types of equity-linked securities (ELS) totaling 4 billion KRW by 1 PM on the 31st.

HI ELS No. 2226 is a 3-year maturity, early redemption type ELS with quarterly evaluation periods, based on the KOSPI 200 Index, Standard & Poor's (S&P) 500 Index, and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% of the initial reference price (at 4 and 8 months), 85% (at 12 and 16 months), 80% (at 20 and 24 months), 75% (at 28 months), 70% (at 32 months), and 65% (at 36 months), it pays a maximum return of 18.00% (6.00% per annum).

Additionally, at maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return rate will be paid. However, if any one of the underlying assets falls below 65%, principal loss may occur depending on the maturity redemption conditions.

HI ELS No. 2227 is a 3-year maturity, early redemption type ELS with semi-annual evaluation periods, based on the Hang Seng Index (HSI), Standard & Poor's (S&P) 500 Index, and KOSPI 200 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% of the initial reference price (at 6 and 12 months), 85% (at 18 and 24 months), 80% (at 30 months), and 65% (at 36 months), it pays a maximum return of 18.00% (6.00% per annum).

If the lizard and all automatic early redemption conditions are not met until maturity, at maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return rate will be paid. However, if any one of the underlying assets falls below 65%, principal loss may occur depending on the maturity redemption conditions.