Based on Domestic and International Indices and Samsung Electronics Common Stock

Yuanta Securities, New Public Offering of 3 ELS Worth 9 Billion Won View original image


[Asia Economy Reporter Minwoo Lee] Yuanta Securities is launching three types of derivative-linked securities based on domestic and international indices as well as domestic stocks.


Yuanta Securities announced on the 23rd that it will publicly offer three types of derivative-linked securities, including early redemption equity-linked securities (ELS), totaling 9 billion KRW until the 28th.


ELS No. 4671 is a principal non-guaranteed product with a 3-year maturity and a 6-month early redemption cycle. It is based on the S&P 500, Euro Stoxx 50, and Nikkei 225 indices. If all underlying assets are at or above 92% (6 months), 90% (12 months), 85% (18 months, 24 months), 80% (30 months), and 63% (36 months) of the initial reference price, early or maturity redemption occurs with an annual yield of 3.30%.


ELS No. 4672 is also a principal non-guaranteed product with a 3-year maturity and a 6-month early redemption cycle. However, it is based on the KOSPI 200 index and Samsung Electronics common stock. If all underlying assets are at or above 92% (6 months), 90% (12 months), 85% (18 months, 24 months), 80% (30 months, 36 months) of the initial reference price, early or maturity redemption occurs with a pre-tax annual yield of 4.70%. Even if early redemption does not occur, if none of the underlying assets fall below 60% of the initial reference price during the investment period, maturity redemption occurs with a pre-tax yield of 14.10% (annual 4.70%). For both products above, the maximum loss rate is -100% if conditions are not met.


ELS No. 4673 is a principal partial payment product with a 1-year maturity, observing early redemption monthly after 3 months from issuance. It is based on Samsung Electronics common stock and NAVER common stock. If all underlying assets are at or above 100% (3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months) of the initial reference price, early redemption occurs with a pre-tax annual yield of 16.50%. Even if early redemption does not occur, if the maturity evaluation price of all underlying assets is at or above the initial reference price at maturity, the return is paid according to the lowest growth rate among the underlying assets. However, the maximum loss rate is limited to -20% even if conditions are not met.



Yuanta Securities’ nationwide branches, website, Home Trading System (HTS), and Mobile Trading System (MTS) are available for subscription. ELS No. 4671 can be subscribed from a minimum of 100,000 KRW in units of 100,000 KRW, while ELS Nos. 4672 and 4673 can be subscribed from a minimum of 1,000,000 KRW in units of 100,000 KRW.


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