Hi Investment & Securities, Public Offering of ELS·ELB with Up to 4% Annual Yield
[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 30th that it will offer two types of equity-linked securities (ELS) and one type of equity-linked bond (ELB) totaling 5 billion KRW through a public offering until 4 PM on the 7th of next month.
HI ELS No. 2659 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 the automatic early redemption evaluation dates, if the closing price of the underlying assets is at least 92% (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 12.00% (4.00% 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.
HI ELS No. 2660 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 the 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 10.50% (3.50% 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.
HI ELB No. 266 is an 18-month maturity knock-out type ELB based on the KOSPI 200 Index. If the closing price of the underlying asset never exceeds 115% of the initial reference price until maturity, it pays a maximum return of 7.00% (4.67% per annum) based on the increase rate of the underlying asset (participation rate 40%). Even if the underlying asset exceeds 115% of the initial reference price at any time or if the maturity evaluation price falls below 100%, a return of 1.00% is paid.
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