Hi Investment & Securities Launches Two ELS Products Offering Up to 5.3% Annual Returns

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 3rd that it will offer two types of equity-linked securities (ELS) totaling 3 billion KRW by 4 PM on the 10th.

HI ELS No. 2794 is a 3-year maturity, semi-annual early redemption 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), 80% (24 months), 75% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 15.90% (5.30% 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. 2795 is a 3-year maturity, semi-annual early redemption 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 15.00% (5.00% per annum). Even if 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 never fall below 85% of the initial reference price, or until the second early redemption evaluation date (12 months), the closing prices of all underlying assets never fall below 80% of the initial reference price, a lizard return of 7.50% 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.

The minimum subscription amount for the product is 1 million KRW, and subscriptions are possible in units of 100,000 KRW.

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