Hi Investment & Securities, Public Offering of Two ELS Worth 2 Billion KRW
[Asia Economy Reporter Ji-hwan Park] Hi Investment & Securities announced on the 22nd that it will offer two types of equity-linked securities (ELS) totaling 2 billion KRW by 1 PM on the 29th.
HI ELS No. 2520 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% (6 months), 85% (12 months), 85% (18 months), 85% (24 months), 85% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 14.10% (4.70% 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. 2521 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% (6 months), 90% (12 months), 85% (18 months), 85% (24 months), 80% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 12.60% (4.20% per annum).
Even if the early redemption conditions are not met, if 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 (Lizard Condition 1), or until the second early redemption evaluation date (12 months), the closing prices of all underlying assets have never fallen below 80% of the initial reference price (Lizard Condition 2), a lizard return of 4.20% per annum will be paid and the investment will be redeemed.
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.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
The minimum subscription amount for the product is 1 million KRW, and subscriptions can be made in units of 100,000 KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.