Shinhan Financial Investment, Recruiting Plain Call ELS No. 20668

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 17th that it will offer a total of 3 billion KRW worth of 'ELS (Equity-Linked Securities) No. 20668' through public subscription until 1 PM on the 19th.

'ELS No. 20668' is a one-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 is 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 equal to 50% of the decline rate occurs. 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 product's return is linked to 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.

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