Shinhan Financial Investment Announces Public Offering of Lizard Step-Down Type ELS

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 24th that it will offer the Lizard Step-Down ELS (Equity-Linked Securities) to the public until the 3rd of next month.

The "Public Offering ELS No. 21510" is based on EUROSTOXX50, S&P 500 (Standard & Poor's 500 Index), and HSCEI (Hang Seng China Enterprises Index) as underlying assets, and will be redeemed with a pre-tax annual return of 4.2% if certain conditions are met. It is a 3-year maturity principal non-guaranteed product, with early redemption opportunities every 6 months after issuance, and the subscription deadline is 1 PM on the 3rd of next month.

At each evaluation date every 6 months after issuance, if the closing prices of all underlying assets are at least 90% of the initial reference price (at 6 and 12 months), 85% (at 18 and 24 months), 80% (at 30 months), and 65% (at 36 months), redemption will occur. If none of the underlying assets' prices fall below 85% of the initial reference price for 12 months, a pre-tax return of 4.2% can be earned.

This product's return is linked to the prices of the underlying assets, and if the price conditions of the underlying assets are not met, the agreed returns may not be received or principal loss (-35% to -100%) may occur. Also, all stated returns are pre-tax returns. For more details, please check the Shinhan Financial Investment website and the mobile app "Shinhan Alpha."

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