Hi Investment & Securities, Public Offering of Two ELS Worth 4 Billion KRW

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 3rd that it will offer two types of equity-linked securities (ELS) totaling 4 billion KRW by 1 PM on the 7th.

HI ELS No. 2231 is a 3-year maturity, semi-annual early redemption type ELS based on the Hang Seng Index (HSI), Standard & Poor's (S&P) 500 Index, and Nikkei (NIKKEI) 225 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 6, 12, and 18 months), 80% (at 24 months), 75% (at 30 months), and 65% (at 36 months), it pays a maximum return of 17.10% (annualized 5.70%).

At maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return rate is 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. 2232 is a 3-year maturity, semi-annual early redemption type ELS based on the Hang Seng Index (HSI), Standard & Poor's (S&P) 500 Index, and KOSPI 200 Index, paying a maximum return of 18.00% (annualized 6.00%) if on automatic early redemption evaluation dates 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.

Even if early redemption conditions are not met, if from the initial reference price evaluation date (exclusive) to the first early redemption evaluation date (6 months), the closing prices of all underlying assets have never fallen below 85% of the initial reference price (Lizard Condition 1), or until the second early redemption evaluation date (12 months), the closing prices of all underlying assets have never fallen below 80% of the initial reference price (Lizard Condition 2), an annual lizard return of 9.00% is paid upon redemption.

If neither the lizard nor automatic early redemption conditions are met until maturity, and the closing prices of all underlying assets are at least 65% of the initial reference price at maturity, the initially offered return rate is paid. However, if any one of the underlying assets falls below 65%, principal loss may occur depending on the maturity redemption conditions.

The minimum subscription amount for these products is 1 million KRW, and additional subscriptions can be made in increments of 100,000 KRW.

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