Hi Investment & Securities Announces Public Offering of Two ELS with Up to 4% Returns

[Asia Economy Reporter Ji-hwan Park] Hi Investment & Securities announced on the 18th that it will publicly offer two types of equity-linked securities (ELS) totaling 6 billion KRW until 1 PM on the 22nd.

HI ELS No. 2411 is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 93% (6 months), 90% (12 months), 87% (18 months), 85% (24 months), 80% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 10.80% (3.60% per annum). At maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return is paid; however, if any of the underlying assets fall below 65%, principal loss may occur according to the maturity redemption conditions.

HI ELS No. 2412 is a 3-year maturity, semi-annual early redemption type lizard ELS based on the KOSPI 200 Index, S&P 500 Index, and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% (6 months), 90% (12 months), 87% (18 months), 87% (24 months), 85% (30 months), and 80% (36 months) of the initial reference price, it pays a maximum return of 12.00% (4.00% per annum). Even if early redemption conditions are not met, if during the period from the initial reference price evaluation date (excluding) to the first early redemption evaluation date (6 months), the closing prices of all underlying assets have never fallen below 85% of the initial reference price (Lizard Condition 1), or until the second early redemption evaluation date (12 months), the closing prices of all underlying assets have never fallen below 83% of the initial reference price (Lizard Condition 2), a lizard return of 4.00% per annum is paid upon redemption.

If neither the lizard nor early redemption conditions are met, and if by maturity none of the underlying assets have fallen below 57% of the initial reference price until the maturity evaluation date, a 4.00% return per annum is paid. However, if any of the underlying assets have fallen below 57%, and at maturity any of the underlying assets are below 80%, principal loss may occur according to the maturity redemption conditions.

The "Lizard ELS" is a product structure that adds a condition (lizard condition) allowing early redemption of the product even if the ELS is not early redeemed during a downturn, similar to how a lizard escapes by shedding its tail in times of crisis. The minimum subscription amount for the product is 1 million KRW or more, in units of 100,000 KRW.

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