Hi Investment & Securities Announces Public Offering of 2 ELS with Up to 4.02% Returns

[Asia Economy Reporter Ji-hwan Park] HI Investment & Securities announced on the 26th that it will offer two types of equity-linked securities (ELS) totaling 7 billion KRW through a public offering until 4 PM on the 2nd of next month.

HI ELS 2605 is a 3-year maturity, early redemption type ELS with quarterly evaluation based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and EUROSTOXX 50 Index as underlying assets. On automatic early redemption evaluation dates, if the closing price of the underlying assets is at least 95% (4 months), 95% (8 months), 90% (12 months), 88% (16 months), 88% (20 months), 85% (24 months), 85% (28 months), 83% (32 months), or 65% (36 months) of the initial reference price, it pays a maximum return of 12.06% (annualized 4.02%).

At maturity, if the closing price of all underlying assets is at least 65% of the initial reference price, the initially offered return rate is paid. However, if any of the underlying assets fall below 65%, principal loss may occur according to the maturity redemption conditions.

HI ELS 2606 is a 3-year maturity, semi-annual early redemption type lizard 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 all underlying assets is at least 90% (6 months), 90% (12 months), 85% (18 months), 85% (24 months), 80% (30 months), or 80% (36 months) of the initial reference price, it pays a maximum return of 12.00% (annualized 4.00%).

Even if the early redemption conditions are not met, if from the initial reference price evaluation date (excluded) to the first early redemption evaluation date (6 months), the closing price of all underlying assets has never fallen below 85% of the initial reference price (Lizard Condition 1), or until the second early redemption evaluation date (12 months), the closing price of all underlying assets has never fallen below 83% of the initial reference price (Lizard Condition 2), a lizard return rate of 6.00% per annum will be paid upon redemption.

If early redemption does not occur, and at maturity none of the underlying assets have fallen below 57% of the initial reference price until the maturity evaluation date, a return rate of 4.00% per annum is paid. If any of the underlying assets have fallen below 57%, and at maturity any of the underlying assets are below 80%, principal loss may occur according to the maturity redemption conditions.

The minimum subscription amount for the product is 1 million KRW, and subscriptions can be made in units of 100,000 KRW.

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