Shinhan Financial Investment, Recruitment for Yen ELS No. 23413

[Photo by Shinhan Financial Investment]

[Asia Economy Reporter Lee Jung-yoon] Shinhan Financial Investment announced on the 7th that it will offer up to 500 million yen of Yen-denominated Step-down ELS (Equity-Linked Securities) No. 23413 until 1 PM on the 20th.

The Step-down ELS No. 23413, issued in yen settlement, is a 3-year maturity product with early redemption every 6 months, based on the Nikkei 225, S&P 500 Index, and Euro Stoxx 50 Index as underlying assets. On early redemption evaluation dates, if the closing price of each underlying asset is at least 85% (6 months), 85% (12 months), 85% (18 months), 80% (24 months), 75% (30 months), and 65% (36 months) of the initial reference price, an annual return of 3.6% will be paid. If the closing price of the underlying assets on the maturity evaluation date is below 65% of the initial reference price, principal loss may occur.

The minimum subscription amount is 100,000 yen. Since the product’s yield is linked to the price of the underlying assets, if the underlying assets do not meet the price conditions, the contracted return may not be received or principal loss may occur, and exposure to yen-won exchange rate fluctuations exists. All stated yields are pre-tax yields.

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