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

Published 20 Apr.2022 14:19(KST)

[Asia Economy Reporter Minji Lee] HI Investment & Securities announced on the 20th that it will offer two types of equity-linked securities (ELS) totaling 4 billion KRW through a public offering until 4 PM on the 27th.

HI ELS No. 2981 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 automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 85% of the initial reference price (at 6 and 12 months), 80% (at 18 and 24 months), 75% (at 30 months), and 70% (at 36 months), it pays a maximum return of 20.40% (6.80% per annum).

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 yield of 6.80% per annum will be paid at maturity.

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. 2982 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 automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 85% (at 6, 12, 18, and 24 months), 80% (at 30 months), and 65% (at 36 months) of the initial reference price, it pays a maximum return of 20.40% (6.80% per annum).

Even if early redemption does not occur, if the closing prices of all underlying assets are at least 65% of the initial reference price at maturity, 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.