Hi Investment & Securities, Public Offering of Two ELS Worth 4 Billion KRW
[Asia Economy Reporter Ji-hwan Park] HI Investment & Securities announced on the 8th that it will publicly offer two types of equity-linked securities (ELS) totaling 4 billion KRW by 1 PM on the 12th.
HI ELS No. 2496 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 price of the underlying assets is at least 85% of the initial reference price at 6, 12, 18, 24, and 30 months, and at least 65% at 36 months, it pays a maximum return of 15.00% (5.00% 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 depending on the maturity redemption conditions.
HI ELS No. 2497 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% of the initial reference price at 6 and 12 months, at least 85% at 18 and 24 months, at least 80% at 30 months, and at least 65% at 36 months, it pays a maximum return of 13.20% (4.40% per annum). Even if early redemption conditions are not met, if during the period from the initial reference price evaluation date (exclusive) 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, or until the second early redemption evaluation date (12 months), the closing prices of all underlying assets have never fallen below 80%, a lizard return of 6.60% per annum is paid upon redemption.
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 depending on the maturity redemption conditions.
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The minimum subscription amount for the product is 1 million KRW, and subscriptions are possible in units of 100,000 KRW. For more details, please contact the HI Investment & Securities Customer Support Center.
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