Shinhan Financial Investment, Recruiting Plain ELS No. 20604

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment (CEO Youngchang Lee) announced on the 9th that it will offer 'ELS (Equity-Linked Securities) No. 20604' in a total amount of 3 billion KRW until 1 PM on the 12th.

The newly launched 'ELS No. 20604' is a 1-year maturity product based on Samsung Electronics common stock and Hyundai Motor Company common stock as underlying assets. If the average of the 3 closing prices of the underlying assets on the maturity evaluation date is greater than or equal to 100% of the initial reference price, the return will be paid at a 150% participation rate based on the underlying asset with the lowest rate of increase.

On the other hand, in case of a decline, if the maturity evaluation price of the underlying asset with the largest decline rate is below 0% of the initial reference price, a loss equivalent to 50% of the decline rate will occur. However, the loss rate is capped at 50% regardless of how much the price falls. The minimum subscription amount for this product is 1 million KRW.

Since the return of this product is determined based on the price of the underlying assets, if the underlying assets do not meet the price conditions, principal loss (0% to -50%) may occur, and all stated returns are pre-tax returns.

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