Hi Investment & Securities, Public Offering of ELS with 5.1% Annual Yield

[Asia Economy Reporter Park Ji-hwan] Hi Investment & Securities announced on the 15th that it will offer a total of 1.5 billion KRW worth of one type of Equity-Linked Securities (ELS) through public subscription until 4 PM on the 22nd.

HI ELS No. 2825 is a 3-year maturity, 6-month interval 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 85% (6 months), 85% (12 months), 85% (18 months), 80% (24 months), 75% (30 months), and 65% (36 months) of the initial reference price, a maximum return of 15.30% (annual 5.10%) will be paid. Even if the early redemption conditions are not met, if 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 80% of the initial reference price during that period, or if until the second early redemption evaluation date (12 months), the closing prices of all underlying assets have never fallen below 75% of the initial reference price during that period, a lizard return rate of 5.10% per annum will be paid and the principal will be redeemed.

At maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return rate 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 units of 100,000 KRW.

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