Hi Investment & Securities, Public Offering of 2 Types of ELS

[Asia Economy Reporter Minji Lee] HI Investment & Securities announced on the 9th that it will publicly offer two types of equity-linked securities (ELS) totaling 4 billion KRW by 4 PM on the 16th.

HI ELS No. 2886 is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 Index, Hang Seng Index, and Euro Stoxx 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 70% (36 months) of the initial reference price, it pays a maximum return of 19.50% (6.50% annualized).

Even if early redemption does not occur, if none of the underlying assets have fallen below 50% of the initial reference price by the maturity evaluation date, a 6% annual return is paid. However, if any of the underlying assets have fallen below 50% 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 No. 2887 is a 3-year maturity, semi-annual early redemption type lizard ELS based on the KOSPI 200 Index, S&P 500 Index, and Euro Stoxx 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 18% (6% annualized).

Even if the above 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 have never fallen below 80% 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 75% of the initial reference price (Lizard Condition 2), a 6% annual lizard return 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 underlying asset falls 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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