Hi Investment & Securities, Public Offering of Two ELS Types Worth 4 Billion KRW View original image


[Asia Economy Reporter Ji-hwan Park] HI Investment & Securities announced on the 6th that it will publicly offer two types of equity-linked securities (ELS) totaling 4 billion KRW by 4 PM on the 12th.


HI ELS No. 2842 is a 3-year maturity, early redemption type ELS with semi-annual evaluation, 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, it pays a maximum return of 17.10% (annualized 5.70%). 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 depending on the maturity redemption conditions.


HI ELS No. 2843 is a 3-year maturity, early redemption type lizard ELS with semi-annual evaluation, based on the KOSPI 200 Index, 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 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 17.40% (annualized 5.80%). Even if early redemption conditions are not met, if during the period from the initial reference price evaluation date to the first early redemption evaluation date (6 months), the closing prices of all underlying assets have never fallen below 83% of the initial reference price, 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, the lizard return of 5.80% per annum will be paid and the investment 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 is paid; however, if any of the underlying assets fall below 65%, principal loss may occur depending on 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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