Hi Investment & Securities Launches Two ELS Products Offering Up to 4% Annual Returns

[Asia Economy Reporter Ji-hwan Park] HI Investment & Securities announced on the 2nd that it will offer two types of equity-linked securities (ELS) totaling 50 billion KRW through a public offering until 1 PM on the 6th of next month.

HI ELS No. 2318 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), or 80% (at 30 and 36 months), it pays a maximum return of 12.00% (4.00% per annum).

Even if the early redemption conditions are not met, if from the initial reference price evaluation date (exclusive) 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 if 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 yield of 4.00% per annum will be paid upon redemption. If neither the lizard nor automatic early redemption conditions are met until maturity, but none of the underlying assets have fallen below 60% of the initial reference price (based on closing price) during the investment period, the initially offered yield will be paid. However, if the redemption conditions are not met until maturity and any of the underlying assets have fallen below 60% of the initial reference price (based on closing price) during the investment period, losses may occur according to the maturity redemption conditions.

HI ELS No. 2319, offered during the same period, is a 3-year maturity, early redemption type ELS with semi-annual evaluation based on the KOSPI 200 Index, the Standard & Poor's (S&P) 500 Index, and the EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 80% of the initial reference price (at 6, 12, 18, and 24 months), 75% (at 30 months), or 65% (at 36 months), it pays a maximum return of 6.00% (2.00% per annum). At maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered yield will be paid. However, if any of the underlying assets fall below 65%, principal loss may occur according to the maturity redemption conditions.

The minimum subscription amount for the products is 1 million KRW, and additional subscriptions can be made in increments of 100,000 KRW.

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