Hantoo Launches Monthly-Paying ELS on Tesla and S&P 500

[Asia Economy Reporter Junho Hwang] Korea Investment & Securities, a subsidiary of Korea Financial Group, is recruiting investors for the online exclusive TRUE ELS 13718 series, which is based on the US stock Tesla (TSLA UW) and the S&P 500, until the 16th.

This product pays a monthly return of 1.05% (annual 12.60%) during the investment period regardless of the underlying asset price conditions. It has a 3-year maturity, with the underlying asset price observed every 6 months. Automatic redemption occurs if the price is at least 85% of the initial reference price at 6, 12, and 18 months; 80% at 24 and 30 months; and 70% at 36 months. Even if the 6 redemption conditions are not met, if the underlying asset price has never fallen below 50% of the initial reference price during the investment period, the principal will be returned at maturity. If the underlying asset price has fallen below 50% of the initial reference price and the maturity evaluation price is below 70% of the initial reference price, principal loss will occur. The possible principal loss rate ranges from 30% to 100%.

Korea Investment & Securities is also recruiting investors for the TRUE ELS 13716 series, which is based on Samsung Electronics, Hong Kong H (HSCEI), and Nikkei 225 (NIKKEI225) with an annual 7.0% step-down (principal loss rate 25% to 100% if conditions are not met), and the TRUE ELS 13717 series, based on SK Hynix, Hyundai Motor, and S&P 500 with an annual 10.70% lizard step-down (principal loss rate 25% to 100%).

The online exclusive TRUE ELS can be subscribed through the Korea Investment & Securities website, Home Trading System (HTS), and Korea Investment mobile app. For more details, please contact the Korea Investment & Securities website or customer center.

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