Hi Investment & Securities Launches 3 ELS Products Offering Up to 4.5% Annual Returns

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 23rd that it will offer three types of equity-linked securities (ELS) totaling 60 billion KRW by 1 PM on the 27th.

HI ELS No. 2338 is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 Index, EUROSTOXX 50 Index, and S&P 500 Index. On the automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 93% (6 months), 90% (12 months), 87% (18 months), 85% (24 months), 80% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 12.00% (4.00% 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 is paid. However, if any one of the underlying assets falls below 65%, principal loss may occur according to the maturity redemption conditions.

HI ELS No. 2339, offered during the same period, is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 Index, Hang Seng Index (HSI), and EUROSTOXX 50 Index. On the automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% (6 months, 12 months), 85% (18 months, 24 months), and 80% (30 months, 36 months) of the initial reference price, it pays a maximum return of 13.50% (4.50% per annum).

Even if the redemption conditions are not met until maturity, if 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 is paid. However, if the redemption conditions are not met until maturity and any underlying asset has 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. 2340 is a 3-year maturity, semi-annual early redemption type ELS based on the NIKKEI 225 Index, EUROSTOXX 50 Index, and S&P 500 Index. On the automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 80% (6 months, 12 months, 18 months, 24 months), 75% (30 months), and 65% (36 months) of the initial reference price, 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 is paid. However, if any underlying asset falls 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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