Hi Investment & Securities Launches Two ELS Products Offering Up to 5% Annual Returns

[Asia Economy Reporter Ji-hwan Park] HI Investment & Securities announced on the 31st that it will offer two types of equity-linked securities (ELS) totaling 4 billion KRW through a public offering until 1 PM on the 4th of next month.

HI ELS No. 2249 is a 3-year maturity, early redemption type ELS with semi-annual evaluation, based on the KOSPI 200 Index, the Hong Kong Hang Seng Index (HSI), and the 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 6 and 12 months), 85% (at 18 and 24 months), 80% (at 30 months), and 68% (at 36 months), it pays a maximum return of 15.00% (5.00% per annum).

Additionally, at maturity, if the closing prices of all underlying assets are at least 68% of the initial reference price, the initially offered return rate is paid. However, if any one of the underlying assets falls below 68%, principal loss may occur depending on the maturity redemption conditions.

During the same period, HI ELS No. 2250 is a 3-year maturity, early redemption type ELS with semi-annual evaluation, based on the KOSPI 200 Index, EUROSTOXX 50 Index, and the Standard & Poor's (S&P) 500 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 14.10% (4.70% per annum). Even if early redemption conditions are not met, if from the initial reference price evaluation date (excluding) 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), a lizard return rate of 7.05% per annum is paid upon redemption.

The minimum subscription amount for these products is 1 million KRW, with additional subscriptions possible in increments of 100,000 KRW.

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