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

[Asia Economy Reporter Minji Lee] HI Investment & Securities announced on the 19th that it will publicly offer two types of Equity-Linked Securities (ELS) totaling 10 billion KRW until 4 PM on the 26th.

HI ELS No. 3164 is a 3-year maturity, semi-annual early redemption type ELS 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 65% (at 36 months), it pays a maximum return of 27.00% (9.00% per annum).

Even if early redemption does not occur, if at maturity the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered yield will be paid. However, if any one of the underlying assets falls below 65%, principal loss may occur according to the maturity redemption conditions.

HI ELS No. 3165 is a 3-year maturity, semi-annual early redemption type lizard ELS based on the KOSPI 200 Index, Hong Kong Hang Seng China Enterprises Index (HSCEI), 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 65% (at 36 months), it pays a maximum return of 25.80% (8.60% per annum).

Even if the above early redemption conditions are not met, if from the initial reference price evaluation date (excluded) to the first early redemption evaluation date (6 months) the closing prices of all underlying assets have never fallen below 80% of the initial reference price (Lizard Condition 1), or until the second early redemption evaluation date (12 months) the closing prices of all underlying assets have never fallen below 70% of the initial reference price (Lizard Condition 2), a lizard yield of 12.90% per annum will be paid and the investment will be redeemed.

Even if early redemption does not occur, if at maturity the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered yield will be paid. However, if any one of the underlying assets falls 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 can be made in units of 100,000 KRW.

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