Hi Investment & Securities Announces Public Offering of Two ELS with Annual Returns of 4.2%

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced that it will offer two types of equity-linked securities (ELS) totaling 3 billion KRW through a public offering until 4 PM on the 1st of next month.

HI ELS 2708 is a 3-year maturity, early redemption type ELS with semi-annual 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 prices of all underlying assets are at or above 90% (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 12.60% (4.20% annualized).

At maturity, if the closing prices of all underlying assets are at or above 65% of the initial reference price, the initially offered return will be paid. However, if any of the underlying assets fall below 65%, principal loss may occur according to the maturity redemption conditions.

HI ELS 2709 is a 3-year maturity, early redemption type lizard ELS with semi-annual evaluation, based on the Hong Kong Hang Seng Index (HSI), S&P 500 Index, and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at or above 88% (6 months), 88% (12 months), 85% (18 months), 85% (24 months), 83% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 12.00% (4.00% annualized).

Even if the above early redemption conditions are not met, if during the period from the initial reference price evaluation date (excluded) 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 if until the second early redemption evaluation date (12 months), the closing prices of all underlying assets have never fallen below 83% of the initial reference price, a lizard return of 6.00% per annum will be paid upon redemption.

At maturity, if the closing prices of all underlying assets are at or above 65% of the initial reference price, the initially offered return will be paid. However, if any of the underlying assets fall below 65%, 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 increments of 100,000 KRW.

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