Hi Investment & Securities Launches Two ELS Products Offering Up to 4.4% Annual Returns

[Asia Economy Reporter Ji-hwan Park] HI Investment & Securities announced on the 9th that it will publicly offer two types of equity-linked securities (ELS) totaling 4 billion KRW until 4 PM on the 16th.

HI ELS No. 2629 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. On automatic early redemption evaluation dates, if the closing price of the underlying assets is at least 93% (4 months), 93% (8 months), 90% (12 months), 88% (16 months), 88% (20 months), 85% (24 months), 83% (28 months), 80% (32 months), or 65% (36 months) of the initial reference price, it pays a maximum return of 12.06% (4.02% 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 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 No. 2630 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 prices of all underlying assets are 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 13.20% (4.40% per annum).

Even if early redemption conditions are not met, if from the initial reference price evaluation date (excluding) 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 83% (Lizard Condition 2), a lizard return rate of 4.40% per annum is paid upon redemption.

Even if early redemption does not occur, if at maturity none of the underlying assets have fallen below 60% of the initial reference price by the maturity evaluation date, a return of 4.40% per annum is paid. However, if any of the underlying assets have fallen below 60% 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 are possible in units of 100,000 KRW.

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