Eugene Investment & Securities Announces Public Offering of Lizard Step-Down ELS

[Asia Economy Reporter Minji Lee] Eugene Investment & Securities announced on the 9th that it will offer one type of Lizard Step-down ELS through a public offering until 2 PM on the 11th.

The ‘374th ELS’ being offered this time is a 3-year maturity principal non-guaranteed product based on the KOSPI200 Index, Hong Kong Hang Seng Index (HSI), and Standard & Poor's 500 Index (S&P500). The pre-tax annual return is 3.7% for early redemption, maturity redemption, and lizard redemption, all the same.

The ‘374th ELS’ provides opportunities for early redemption and maturity redemption every 6 months according to the step-down structure. First, if the closing prices of all underlying assets are at least 90% of the initial reference price at the early redemption evaluation dates (6 months, 12 months), 85% (18 months, 24 months), or 80% (30 months), early redemption occurs. If at maturity evaluation (36 months) the price is at least 65%, the maturity redemption condition is met, and a pre-tax return of 11.1% can be earned.

Additionally, one lizard redemption opportunity is provided. If early redemption does not occur and during the 12 months all underlying asset prices have never fallen below 85% of the initial reference price, a coupon of 3.7% pre-tax (annual 3.7%) can be obtained on the second early redemption evaluation date.

This is a No Knock-in structure, and if any of the underlying assets are below 65% of the initial reference price on the maturity evaluation date, principal loss will occur. The minimum subscription amount for this public offering product is 1,000,000 KRW or more (increasing in units of 100,000 KRW).

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