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

Published 06 Sep.2022 08:55(KST)

[Asia Economy Reporter Minji Lee] HI Investment & Securities announced on the 6th that it will offer two types of Equity-Linked Securities (ELS) totaling 4 billion KRW by 4 PM on the 15th.

HI ELS No. 3119 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% 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 22.50% (7.50% per annum).

Even if early redemption does not occur, if none of the underlying assets fall below 50% of the initial reference price until maturity evaluation, a yield of 7.50% per annum will be 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 No. 3120 is a 3-year maturity, early redemption type ELS with semi-annual evaluation based on the Hang Seng China Enterprises Index (HSCEI), 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% 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 24.00% (8.00% 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 will be paid. However, if any of the underlying assets fall below 65%, principal loss may occur according to the maturity redemption conditions.