Hi Investment & Securities to Offer 2 Types of ELS Until the 3rd of Next Month

[Asia Economy Reporter Minji Lee] HI Investment & Securities announced on the 23rd that it will offer two types of equity-linked securities (ELS) totaling 4 billion KRW by 4 p.m. on the 3rd of next month.

HI ELS 2908 is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and Euro Stoxx 50 Index. On the 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 20.40% (annualized 6.80%).

Even if early redemption does not occur, if none of the underlying assets fall below 50% of the initial reference price until the maturity evaluation date, a yield of 6.80% per annum is paid.

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 2909 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 the 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 19.20% (annualized 6.40%).

Even if the above early redemption conditions are not met, if from the initial reference price evaluation date (excluded) to the first early redemption evaluation date (6 months) none of the underlying assets' closing prices fall below 80% of the initial reference price, or until the second early redemption evaluation date (12 months) none fall below 70%, a lizard yield of 6.40% per annum is paid and the product is redeemed.

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

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