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

[Asia Economy Reporter Hwang Junho] Korea Investment & Securities announced on the 23rd that it is recruiting investors for the online-exclusive TRUE ELS 13779 series, which is based on U.S. stock Tesla (TSLA UW) and the S&P 500 as underlying assets.

This product features a monthly return of 1.075% (annualized 12.21%) paid during the investment period regardless of the underlying asset price conditions. It has a 3-year maturity with observations of the underlying asset prices every 6 months. Automatic redemption occurs if the prices are at or above 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 redemption conditions are not met six times, if the underlying asset price has never fallen below 45% of the initial reference price during the investment period, the principal will be returned at maturity.

If the underlying asset price has fallen below 45% of the initial reference price at any time and the maturity evaluation price is below 70% of the initial reference price, a 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 13778 series with an annual return of 8.3%, based on SK Hynix, Hong Kong H (HSCEI), and Nikkei 225 (NIKKEI225) as underlying assets, with a lizard step-down structure (principal loss rate 23% to 100% if conditions are not met) during the same period.

The online-exclusive TRUE ELS can be subscribed to through the Korea Investment & Securities website, Home Trading System (HTS), and Korea Investment mobile app.

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