Yujin Investment & Securities, Lizard Step-Down ELS Public Offering

[Asia Economy Reporter Minji Lee] Eugene Investment & Securities announced on the 19th that it will offer a total of 2 billion KRW worth of Lizard Step-down ELS Type 1 through public subscription until 2 PM on the 21st.

The newly offered "370th ELS" is a 3-year maturity principal non-guaranteed product based on the KOSPI200 Index, Hang Seng Index, and Standard & Poor's 500 Index (S&P500). The pre-tax annual return is the same at 4.2% for early redemption, maturity redemption, and lizard redemption.

The "370th ELS" provides opportunities for early redemption and maturity redemption every 6 months according to the step-down structure. Specifically, if on the early redemption evaluation dates all underlying assets close at or above 90% of the initial reference price (at 6 and 12 months), 85% (at 18 and 24 months), or 80% (at 30 months), early redemption occurs. On the maturity evaluation date, if the underlying assets are at or above 65% (at 36 months), the maturity redemption condition is met, yielding a pre-tax return of 12.6%.

Additionally, there is one lizard redemption opportunity. If early redemption does not occur and during the 12 months all underlying asset prices have never fallen below 80% of the initial reference price, a coupon of 4.2% pre-tax (annual 4.2%) is provided on the second early redemption evaluation date. The minimum subscription amount for this public offering product is 1 million KRW.

This product has a No Knock-in structure, and if on the maturity evaluation date any of the underlying assets fall below 65% of the initial reference price, principal loss will occur.

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