Shinhan Financial Investment Launches Lizard Step-Down Type ELS

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 16th that it will offer a step-down type “ELS (Equity-Linked Securities) No. 20426” with a total scale of 20 billion KRW until 1 PM on the 19th.

The newly launched step-down “ELS No. 20426” is based on the KOSPI 200, Euro Stoxx 50 Index, and S&P 500 Index as underlying assets, with a 3-year maturity and early redemption possible every 6 months upon meeting certain conditions. On early redemption evaluation dates, if the closing price of each underlying asset is at least 90% (6 months), 90% (12 months), 85% (18 months), 80% (24 months), 75% (30 months), and 65% (36 months) of the initial reference price, an annual return of 5.0% will be paid. If the closing price of the underlying assets on the maturity evaluation date is below 65% of the initial reference price, principal loss may occur.

The minimum subscription amount is 1 million KRW, and subscriptions are available at Shinhan Financial Investment branches and online channels. Since the return on this product is linked to the price of the underlying assets, if the underlying assets do not meet the price conditions, the contracted return may not be received or principal loss (-35% to -100%) may occur. All stated returns are pre-tax returns.

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