NH Investment & Securities, QV Inverse US IT TOP5 ETN(H) Newly Listed

[Asia Economy Reporter Lee Seon-ae] NH Investment & Securities announced on the 9th that it will newly list the ‘QV Inverse US IT TOP5 ETN(H),’ which equally tracks the decline rates of the top 5 IT/internet sector companies by market capitalization (Apple, Google, Amazon, Facebook, Microsoft) listed and traded on the US stock exchanges (NYSE, NASDAQ).

This product is an inverse (-1x) ETN of the ‘QV US IT TOP5 ETN(H)’ listed by NH Investment & Securities on July 31, 2017. Its profit and loss are linked only to the fluctuations of the underlying index, and it is a currency-hedged product that does not require additional consideration of profit and loss due to KRW/USD exchange rate fluctuations. The issuance quantity is 2 million shares, the issuance scale is 20 billion KRW, and the issuance price is 10,000 KRW per share.

The total fee is 1.2% per annum, reflected daily on a pro-rata basis in the final indicative value (IV). The maturity is 3 years, with the maturity date on July 31, 2024, and the final trading day on July 29, 2024. The maturity redemption amount will be paid on August 2, 2024, based on the final indicative value (IV) of the final trading day.

An NH Investment & Securities official stated, “By diversifying investment in the decline of the five leading US IT companies that have driven the market and led significant stock price increases, this product provides investors with an opportunity to invest in the adjustment and decline of US market IT leading stocks.” He added, “If considered together with the already listed ‘QV US IT TOP5 ETN(H)’ forward (1x) product, investors will be able to actively invest in both the rise and fall of the US IT sector.”

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