Eugene Investment & Securities Announces Public Offering of Low Knock-In Step-Down ELS

[Asia Economy Reporter Minji Lee] Eugene Investment & Securities announced on the 3rd that it will offer a total of 2 billion KRW worth of low knock-in step-down ELS 1 type through public subscription until 2 PM on the 5th.

The newly offered "360th ELS" is a 3-year maturity step-down structured principal non-guaranteed product based on the KOSPI200 Index, Standard & Poor's 500 Index (S&P500), and EUROSTOXX50 Index. The pre-tax yield at early redemption and maturity redemption is 5.8% per annum.

The "360th ELS" provides early redemption and maturity redemption opportunities every 6 months according to the step-down structure. On the early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% (6 months, 12 months), 85% (18 months, 24 months), or 80% (30 months) of the initial reference price, early redemption will be executed.

Since the knock-in barrier is 45%, if any of the underlying assets have never fallen below 45% of the initial reference price until the maturity evaluation date (36 months), or even if they have fallen below, but the maturity evaluation prices of all underlying assets are at least 80% of the initial reference price (36 months), maturity redemption will be made with a pre-tax yield of 17.4%. If these conditions are not met, principal loss may occur. The minimum subscription amount for this public offering product is 1 million KRW or more (increasing in units of 100,000 KRW).

Kim Kyuhwan, Head of Financial Products at Eugene Investment & Securities, stated, "The 360th ELS is a product with the advantage of a favorable pre-tax annual yield of 5.8% and a low knock-in barrier of 45%."

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