Hi Investment & Securities Announces Public Offering of Two ELS with Up to 5.3% Returns
[Asia Economy Reporter Ji-hwan Park] HI Investment & Securities announced on the 6th that it will offer two types of equity-linked securities (ELS) totaling 3 billion KRW by 4 PM on the 14th.
HI ELS No. 2765 is a 3-year maturity, semi-annual early redemption type ELS based on the 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 least 85% (6 months), 85% (12 months), 85% (18 months), 85% (24 months), 80% (30 months), and 75% (36 months) of the initial reference price, it pays a maximum return of 15.90% (annualized 5.30%). Even if early redemption does not occur, if none of the underlying assets have fallen below 55% of the initial reference price until the maturity evaluation date, a yield of 5.30% per annum is paid. However, if any one of the underlying assets has fallen below 55% at any time and at maturity evaluation any one of the underlying assets is below 75%, principal loss may occur according to the maturity redemption conditions.
HI ELS No. 2766 is a 3-year maturity, semi-annual early redemption type lizard ELS based on the KOSPI 200 Index, 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 14.40% (annualized 4.80%). Even if the above early redemption conditions are not met, if from the initial reference price evaluation date (excluded) to the first early redemption evaluation date (6 months) none of the underlying assets’ closing prices fall below 85%, or until the second early redemption evaluation date (12 months) none fall below 80%, a lizard yield of 7.20% per annum is paid and the product is redeemed. At maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered yield is paid; however, if any underlying asset falls below 65%, principal loss may occur according to the maturity redemption conditions.
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The minimum subscription amount for the products is 1 million KRW, with subscriptions possible in units of 100,000 KRW. For more detailed information, please contact the HI Investment & Securities Customer Support Center.
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