Hana Financial Investment, Recruiting Two Types Including Multi Lizard ELS
Multi-Lizard ELS Enhanced Stability with Three Lizard Opportunities
Step-Down ELS Increasing Early Redemption Chances for Faster Repayment
[Asia Economy Reporter Eunmo Koo] Hana Financial Investment announced on the 24th that it will offer a total of two types of derivative-linked products, including a multi-lizard ELS that provides three lizard redemption opportunities. The subscription period is until 1:30 PM on the 29th.
First, it is recruiting the ‘Hana Financial Investment ELS Series 11558,’ which pursues an annual coupon of 5.50% based on Samsung Electronics (005930), the European index (EUROSTOXX50), and the US index (S&P500). The maturity is 3 years, and there are a total of 6 redemption opportunities every 6 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)/65% or more (maturity), and there is no knock-in. However, if early redemption does not occur for 6 months and the price of the underlying asset has never fallen below 85% of the initial reference price, a coupon of 2.75% (annual 5.50%) is paid on the 6th month. If early redemption does not occur for 1 year and the price of the underlying asset has never fallen below 80% of the initial reference price, a coupon of 5.50% is paid on the 1st year. If early redemption does not occur for 1 year and 6 months and the price of the underlying asset has never fallen below 75% of the initial reference price, a coupon of 8.25% (annual 5.50%) is paid on the 1 year and 6 months, and the multi-lizard ELS is liquidated. (Lizard coupons are paid at 1.0 times the regular coupon.) However, if at maturity evaluation any of the underlying assets is below 65%, principal loss of up to 100% may occur according to the maturity redemption conditions.
It is also recruiting the ‘Hana Financial Investment ELS Series 11559,’ which pursues an annual coupon of 4.32% based on Samsung Electronics (005930), the European index (EUROSTOXX50), and the US index (S&P500). The maturity is 3 years, and there are a total of 9 redemption opportunities every 4 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)/65% or more (maturity), and there is no knock-in. If at maturity evaluation any of the underlying assets is below 65%, principal loss of up to 100% may occur according to the maturity redemption conditions.
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Each is recruited with a limit of 3 billion KRW, and subscriptions are possible for 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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