Hi Investment & Securities Announces Public Offering of Two ELS with Up to 4.3% Returns
[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 14th that it will publicly offer two types of equity-linked securities (ELS) totaling 3 billion KRW until 4 PM on the 23rd.
HI ELS No. 2737 is a 3-year maturity, semi-annual early redemption type ELS based on the S&P 500 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 85% (6 months), 85% (12 months), 85% (18 months), 80% (24 months), 75% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 12.90% (4.30% 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. 2738 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 88% (6 months), 88% (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 12.30% (4.10% per annum). Even if early redemption conditions are not met, if during the period 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% of the initial reference price (Lizard Condition 2), a lizard return of 6.15% per annum is paid and the investment is redeemed. 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.
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The minimum subscription amount for the product is 1 million KRW, and subscriptions can be made in units of 100,000 KRW. For more details, please contact the HI Investment & Securities Customer Support Center.
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