Hi Investment & Securities Announces Public Offering of Two ELS with Up to 5.2% Returns

[Asia Economy Reporter Ji-hwan Park] HI Investment & Securities announced on the 22nd that it will publicly offer two types of equity-linked securities (ELS) totaling 3 billion KRW by 4 p.m. on the 29th.

HI ELS 2803 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), 80% (18 months), 80% (24 months), 75% (30 months), and 70% (36 months) of the initial reference price, it pays a maximum return of 15.60% (annualized 5.20%).

Even if early redemption does not occur, if none of the underlying assets have fallen below 55% of the initial reference price by the maturity evaluation date, it pays an annual return of 5.20%. However, if any of the underlying assets have fallen below 55% at any time and at maturity any of the underlying assets are below 70%, principal loss may occur according to the maturity redemption conditions.

HI ELS 2804 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 early redemption conditions are not met, if 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 until the second early redemption evaluation date (12 months), the closing prices of all underlying assets have never fallen below 80% of the initial reference price (Lizard Condition 2), an annual lizard return of 7.20% is paid upon redemption. 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 underlying asset falls below 65%, principal loss may occur according to the maturity redemption conditions.

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

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