Hi Investment & Securities, Public Offering of ELS with Up to 4.1% Annual Yield

[Asia Economy Reporter Ji-hwan Park] HI Investment & Securities announced on the 16th that it will offer a total of 3 billion KRW worth of one type of Equity-Linked Securities (ELS) through a public offering until 1 PM on the 19th.

HI ELS No. 2461 is a 3-year maturity, early redemption type ELS with semi-annual evaluation periods, based on the KOSPI 200 Index, the Hong Kong Hang Seng Index (HSI), and the EUROSTOXX 50 Index. On the automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 85% (6 months), 85% (12 months), 85% (18 months), 80% (24 months), 75% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 12.30% (4.10% per annum).

At maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered yield will be paid. However, if any one of the underlying assets falls below 65%, principal loss may occur according to the maturity redemption conditions.

The minimum subscription amount for the product is 1 million KRW, in units of 100,000 KRW.

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