Hi Investment & Securities, Public Offering of Two ELS Worth 2 Billion KRW

Published 06 Apr.2021 10:50(KST)

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 6th that it will offer two types of equity-linked securities (ELS) totaling 2 billion KRW by 1 PM on the 9th.

HI ELS No. 2534 is a 3-year maturity, semi-annual early redemption type ELS based on the Hang Seng Index (HSI), S&P 500 Index, and Nikkei 225 Index. On automatic early redemption evaluation dates, if the closing price of the underlying assets is at least 95% (6 months), 90% (12 months), 85% (18 months), 85% (24 months), 80% (30 months), and 80% (36 months) of the initial reference price, it pays a maximum return of 15.00% (5.00% per annum).

Even if early redemption does not occur, if none of the underlying assets have fallen below 57% of the initial reference price by the maturity evaluation date, a 5.00% annual return is paid. However, if any of the underlying assets have fallen below 57% at any time and at maturity any of the underlying assets are below 80%, principal loss may occur according to the maturity redemption conditions.

HI ELS No. 2535 is a 3-year maturity, semi-annual early redemption type lizard ELS based on the KOSPI 200 Index, Hang Seng Index (HSI), 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 12.90% (4.30% 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 according to the maturity redemption conditions.