Hana Financial Investment, Recruiting a Total of 2 Types Including Multi-Lezard ELS
[Asia Economy Reporter Eunmo Koo] Hana Financial Investment announced on the 17th that it will offer a total of three types of derivative-linked products, including a multi-lizard ELS that provides three early redemption opportunities. The subscription period is until 1:30 PM on the 18th.
First, it is recruiting for the ‘Hana Financial Investment ELS Series 11532,’ which pursues an annual coupon of 6.00% based on Samsung Electronics (005930), the European index (EUROSTOXX50), and the U.S. index (S&P500). The maturity is 3 years, with a total of six redemption opportunities every six months. The redemption conditions are 90% or more of the initial reference price (1st~2nd), 85% or more (3rd), 80% or more (4th), 75% or more (5th), and 65% or more (maturity), with no knock-in. However, if early redemption does not occur within six months and the underlying asset price has never fallen below 85% of the initial reference price, a coupon of 3.00% (annual 6.00%) will be paid on the 6th month. If early redemption does not occur within one year and the underlying asset price has never fallen below 80% of the initial reference price, a coupon of 6.00% will be paid on the 1-year mark. If early redemption does not occur within one and a half years and the underlying asset price has never fallen below 75% of the initial reference price, a coupon of 9.00% (annual 6.00%) will be paid on the 18th month, and the multi-lizard ELS will be liquidated. (Lizard coupons are paid at 1.0 times the regular coupon.) However, if at maturity any of the underlying assets fall below 65%, principal loss of up to 100% may occur according to the maturity redemption conditions.
It is also recruiting for the ‘Hana Financial Investment ELS Series 11533,’ which pursues an annual coupon of 4.68% based on Samsung Electronics (005930), the European index (EUROSTOXX50), and the U.S. index (S&P500). The maturity is 3 years, with a total of nine redemption opportunities every four months. The redemption conditions are 90% or more of the initial reference price (1st~2nd), 85% or more (3rd), 80% or more (4th~6th), 75% or more (7th), 70% or more (8th), and 65% or more (maturity), with no knock-in. However, if early redemption does not occur within six months and the underlying asset price has never fallen below 85% of the initial reference price, a coupon of 2.34% (annual 4.68%) will be paid on the 6th month. If early redemption does not occur within one year and the underlying asset price has never fallen below 80% of the initial reference price, a coupon of 4.68% will be paid on the 1-year mark. If early redemption does not occur within one and a half years and the underlying asset price has never fallen below 75% of the initial reference price, a coupon of 7.02% (annual 4.68%) will be paid on the 18th month, and the multi-lizard ELS will be liquidated. (Lizard coupons are paid at 1.0 times the regular coupon.) If at maturity any of the underlying assets fall below 65%, principal loss of up to 100% may occur according to the maturity redemption conditions.
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Each product is offered with a limit of 3 billion KRW, and subscriptions are possible with a minimum of 1 million KRW and in units of 1 million KRW. The coupons of each derivative-linked product are not guaranteed returns, and principal loss may occur in case of early redemption due to operational results or investor requests.
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