Hi Investment & Securities Launches Two ELS Products Offering Up to 3.8% Annual Returns

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 14th that it will offer two types of equity-linked securities (ELS) totaling 80 billion KRW through a public offering until 1 PM on the 18th.

HI ELS No. 2371 is a 3-year maturity, semi-annual early redemption type ELS 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% (at 6 and 12 months), 87% (at 18 and 24 months), and 85% (at 30 and 36 months) of the initial reference price, it pays a maximum return of 11.40% (3.80% per annum).

Even if the automatic early redemption conditions are not met until maturity, if none of the underlying assets fall below 57% of the initial reference price (based on closing price) during the investment period, the initially offered yield will be paid. However, if any of the underlying assets fall below 57% of the initial reference price (based on closing price) during the investment period and the redemption conditions are not met by maturity, losses may occur according to the maturity redemption conditions.

HI ELS No. 2372, offered during the same period, is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 Index, EUROSTOXX 50 Index, and Standard & Poor's (S&P) 500 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 85% (at 6 and 12 months), 83% (at 18 and 24 months), 80% (at 30 months), and 65% (at 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 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, with additional subscriptions possible in increments of 100,000 KRW. For more details, please contact the HI Investment & Securities Customer Support Center.

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