Korea Investment & Securities Launches Bankis Exclusive Step-Down ELS Offering

[Asia Economy Reporter Hwang Yoon-joo] Korea Investment & Securities announced on the 23rd that it will publicly offer two Bankis-exclusive equity-linked securities (ELS) products, each with a limit of 5 billion KRW.

'TRUE ELS 15451' is a 3-year maturity product with semiconductor companies AMD (Advanced Micro Devices) and NVIDIA as the underlying assets. Every six months, the stock prices of the two underlying assets are checked to determine early redemption. If the prices of both assets are at least 80% (at 6 and 12 months), 75% (18 months), 70% (24 months), 65% (30 months), and 60% (at maturity) of the initial reference price, an annual return of 19.5% is paid and early redemption occurs.

'TRUE ELS 15452' is a 3-year maturity product with Samsung Electronics, NAVER, and the S&P 500 index as the underlying assets. If all three are at least 90% (6 and 12 months), 85% (18 and 24 months), 80% (30 months), and 75% (at maturity) of the reference price, an annual return of 11.4% is paid and early redemption occurs.

Even if the early redemption conditions are not met, both products pay the agreed returns at maturity if none of the underlying assets fall below the principal loss threshold (knock-in) during the investment period. The knock-in levels for the two products are 40% and 50%, respectively, and if the price falls below the knock-in level, losses ranging from 25% to 100% of the principal may occur.

The subscription period for general individual investors is September 23 and 26. According to the investor cooling-off system, there is a cooling-off period from September 27 to 28, and investors can confirm their subscription intention between September 29 and 10 a.m. on September 30. For more details, please check the Korea Investment & Securities website and the ‘Korea Investment’ app.

This content was produced with the assistance of AI translation services.