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

[Asia Economy Reporter Minji Lee] HI Investment & Securities announced on the 24th that it will offer two types of equity-linked securities (ELS) totaling 4 billion KRW by 4 PM on the 31st.

HI ELS 3104 is a 3-year maturity, early redemption type ELS with semi-annual observation periods, based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and EUROSTOXX 50 Index. On automatic early redemption observation dates, if the closing prices of all underlying assets are at least 85% of the initial reference price (at 6, 12, and 18 months), 80% (at 24 months), 75% (at 30 months), and 70% (at 36 months), it pays a maximum return of 21.00% (7.00% 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 maturity evaluation, a 7% annual return is paid.

If any of the underlying assets have fallen below 50% at any time and at maturity evaluation any of the underlying assets are below 70%, principal loss may occur according to the maturity redemption conditions.

HI ELS 3105 is a 3-year maturity, early redemption type ELS with semi-annual observation periods, based on the Hong Kong Hang Seng China Enterprises Index (HSCEI), S&P 500 Index, and EUROSTOXX 50 Index. On automatic early redemption observation 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 65% (at 36 months), it pays a maximum return of 21.90% (7.30% 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 return 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 the product is 1 million KRW, and subscriptions are possible in units of 100,000 KRW.

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