Eugene Investment & Securities Launches One Type of Monthly Income-Paying ELS Public Offering

[Asia Economy Reporter Minji Lee] Eugene Investment & Securities announced on the 7th that it will offer a total of 10 billion KRW worth of monthly income payment type ELS 1 series until 2 PM on the 9th.

The newly offered "378th ELS" is based on Samsung Electronics common stock, the Hang Seng China Enterprises Index (HSCEI), and the Standard & Poor's 500 Index (S&P500). It is a 3-year maturity step-down structured principal non-guaranteed product with a maximum pre-tax coupon yield of 4.8% per annum.

The "378th ELS" pays monthly income; if on each monthly income payment evaluation date, the closing prices of all underlying assets are at least 65% of the initial reference price, investors receive a pre-tax monthly return of 0.4% (up to 4.8% annually). However, if the condition is not met, no monthly income is paid.

Due to the step-down structure, early redemption and maturity redemption opportunities occur every 6 months. On early redemption evaluation dates, if the closing prices of all underlying assets are at least 95% (6 months), 90% (12 months), 85% (18 months), or 80% (24 months, 30 months) of the initial reference price, early redemption is executed, and investors receive their principal back. On the maturity evaluation date, if the price is at least 65% (36 months), the maturity redemption condition is met, and principal repayment is made.

This is a no-knock-in structure, and if on the maturity evaluation date any of the underlying assets are below 65% of the initial reference price, principal loss occurs. The minimum subscription amount for this offering is 1 million KRW or more (increasing in increments of 100,000 KRW).

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