Hi Investment & Securities, Public Offering of 2 Types of ELS
[Asia Economy Reporter Minji Lee] HI Investment & Securities announced on the 13th that it will offer two types of equity-linked securities (ELS) totaling 2 billion KRW by 4 PM on the 20th.
HI ELS No. 3064 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 Euro Stoxx 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 85% (6 months, 12 months), 80% (18 months, 24 months), 75% (30 months), and 70% (36 months) of the initial reference price, it pays a maximum return of 23.40% (7.80% per annum).
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 7.80% per annum 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. 3065 is a 3-year maturity, early redemption type ELS with semi-annual evaluation, 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 85% (6 months, 12 months), 80% (18 months, 24 months), 75% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 21.60% (7.20% per annum).
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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 is 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 both products is 1 million KRW, and subscriptions can be made in units of 100,000 KRW.
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