Yuanta Securities Announces Public Offering of Two Types of Derivative-Linked Securities Worth 4.6 Billion KRW
[Asia Economy Reporter Myunghwan Lee] Yuanta Securities announced on the 15th that it will offer two types of derivative-linked securities, including early redemption equity-linked securities (ELS), totaling KRW 4.62 billion until the 22nd.
'ELS No. 5061' is a principal non-guaranteed product with a 3-year maturity and a 6-month early redemption cycle. It is based on the KOSPI 200 index, S&P 500 index, and Euro Stoxx 50 index. If all underlying assets are at or above 85% of the initial reference price (at 6 and 12 months), 80% (at 18 and 24 months), and 75% (at 30 and 36 months), it will be redeemed early or at maturity with a pre-tax annual return of 9.50%.
Even if early redemption does not occur, if none of the underlying assets fall below 50% of the initial reference price during the investment period, it will be redeemed at maturity with a pre-tax return of 28.50% (9.50% per annum). However, if the conditions are not met, the maximum loss rate can increase up to 100%.
'ELS No. 5062 (USD)', which can be subscribed to in US dollars, is a principal non-guaranteed product with a 3-year maturity and a 6-month early redemption cycle. It is based on the S&P 500 index, and if the underlying asset is at or above 85% (at 6, 12, and 18 months), 80% (at 24 months), 75% (at 30 months), and 65% (at 36 months) of the initial reference price, it will be redeemed early or at maturity with a pre-tax annual return of 8.00%. Similarly, if the conditions are not met, the principal loss rate can increase up to 100%.
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ELS No. 5061 can be subscribed from a minimum of KRW 100,000 in units of KRW 100,000, and ELS No. 5062 (USD) can be subscribed from a minimum of USD 100 in units of USD 100.
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