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

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

HI ELS No. 3073 is a 3-year maturity, early redemption type ELS with semi-annual early redemption based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and EUROSTOXX 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 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. 3074 is a 3-year maturity, early redemption type ELS with semi-annual early redemption based on the Hong Kong Hang Seng China Enterprises Index (HSCEI), S&P 500 Index, and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 80% (6 months, 12 months), 75% (18 months, 24 months), 70% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 21.00% (7.00% 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 is paid; however, if any of the underlying assets fall below 65%, principal loss may occur according to the maturity redemption conditions.

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