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

[Asia Economy Reporter Minji Lee] Eugene Investment & Securities announced on the 28th that it will offer a total of 7 billion KRW worth of monthly income payment ELS 1 type through public subscription until 2 PM on the 30th.

The ‘380th ELS’ being offered this time 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 rate of 4.32% per annum.

According to the monthly income payment structure of the ‘380th ELS,’ if the closing prices of all underlying assets on the designated monthly income payment evaluation date are at least 65% of the initial reference price, investors will receive a pre-tax monthly income of 0.36% (up to 4.32% annually). However, if the condition is not met, the monthly income will not be paid.

Due to the step-down structure, opportunities for early redemption and maturity redemption occur every 6 months. Specifically, 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 will be executed, and investors will 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 will also be made.

This product has a no knock-in structure, and if any of the underlying assets fall below 65% of the initial reference price on the maturity evaluation date, a principal loss will occur. The minimum subscription amount for this public offering product is 1 million KRW or more.

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