Shinhan Financial Investment Announces Recruitment for ESG ELS No. 20837

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 20th that it will offer a total of 5 billion KRW of 'ELS (Equity-Linked Securities) No. 20837' through a public offering until 1 PM on the 23rd.

ELS No. 20837 is a non-callable 3-year maturity product with semi-annual early redemption upon meeting specific conditions, based on the Standard & Poor's (S&P) 500 ESG Index, KOSPI200, and EUROSTOXX50 as underlying assets.

On early redemption evaluation dates, if the closing price of each underlying asset is at least 95% (6 months), 90% (12 months), 85% (18 months), 85% (24 months), 80% (30 months), and 65% (36 months) of the initial reference price, an annual return of 4.2% will be paid. If the closing price of the underlying assets on the maturity evaluation date is below 65% of the initial reference price, principal loss may occur.

The minimum subscription amount for this product is 1 million KRW. Since the product's yield is linked to the price of the underlying assets, if the underlying assets do not meet the price conditions, principal loss (-35% to -100%) may occur, and all stated yields are pre-tax returns.

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