Hi Investment & Securities, Public Offering of ELS Targeting 5.8% Returns

[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 12th that it will publicly offer one type of equity-linked securities (ELS) worth a total of 2 billion KRW until 4 PM on the 19th.

HI ELS No. 2854 is a 3-year maturity, 6-month interval early redemption type lizard ELS based on the KOSPI 200 Index, the Hong Kong Hang Seng Index (HSI), and the 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 the early redemption conditions are not met, if from the initial reference price evaluation date (exclusive) 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 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 80% of the initial reference price during that period, the lizard yield of 5.80% 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 yield 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 are possible in units of 100,000 KRW.

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