Hi Investment & Securities Launches Two ELS Products Offering Up to 5.4% Annual Returns
[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 14th that it will publicly offer two types of Equity-Linked Securities (ELS) totaling 4 billion KRW by 1 PM on the 18th.
HI ELS No. 2265 is a 3-year maturity, early redemption type ELS with quarterly evaluation based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and EUROSTOXX 50 Index as underlying assets. 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, 8, and 12 months), 85% (at 16, 20, and 24 months), 80% (at 28 and 32 months), or 65% (at 36 months), it pays a maximum return of 13.95% (annualized 4.65%).
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. 2266, offered during the same period, is a 3-year maturity, semi-annual early redemption type ELS 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 6 and 12 months), 85% (at 18 and 24 months), or 80% (at 30 and 36 months), it pays a maximum return of 16.20% (annualized 5.40%).
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The minimum subscription amount for the products is 1 million KRW, with additional subscriptions possible in increments of 100,000 KRW.
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