Kiwoom Securities Launches '104th New Global 100 Trillion ELS' Subscription

[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities announced on the 17th that it is raising a total of 5 billion KRW limit for the '104th New Global 100 Trillion ELS,' which lowers the knock-in barrier to 45%.

The New Global 100 Trillion ELS is an equity-linked security (ELS) based on stocks of global companies with a market capitalization of over 100 trillion KRW. The underlying assets for this issue consist of two stocks: Tesla and Amazon.

This is a step-down type product with a maturity of one year, offering early redemption opportunities every three months. The underlying asset prices are evaluated every three months, and if the conditions are met, a pre-tax annual return of 23.5% is paid and early redemption occurs.

Even if early redemption does not occur, if during the investment period the underlying asset prices have never fallen below 45% of the initial reference price, the product will be redeemed at maturity with a pre-tax return of 23.5%. If the redemption conditions are not met, principal losses ranging from -35% to -100% may occur.

In addition, Kiwoom Securities is also raising subscriptions for four types of ELS and one type of DLB using various underlying assets such as stock indices, domestic stocks, and US stocks during the same period.

Subscriptions for the products are available through the mobile apps 'YoungwoongmunS' and 'Kiwoom Asset Management,' Kiwoom Securities' website, and the Home Trading System (HTS). The minimum subscription amount is 1 million KRW, and the subscription deadline for all is 1 PM on the 18th.

This content was produced with the assistance of AI translation services.