Korea Investment & Securities Launches Two Step-Down Type ELS

Korea Investment & Securities, a subsidiary of Korea Financial Group, announced on the 28th that it will raise up to 5 billion KRW each for two types of Equity-Linked Securities (ELS) products.

'True (TRUE) ELS Series 16181' is a monthly payment product based on the U.S. electric vehicle company Tesla and the Standard & Poor's (S&P) 500 index. This product unconditionally pays a monthly return of 0.835% and has a maturity of 3 years. If the underlying assets are at or above 85% of the initial reference price at 6, 12, and 18 months, 80% at 24 months, 70% at 30 months, and 65% at maturity, it pays an annual return of 10.02% and is redeemed early.

True ELS Series 16182 is an online-exclusive product with a 3-year maturity, based on the Hong Kong Hang Seng China Enterprises Index (HSCEI), the Standard & Poor's (S&P) 500, and the Nikkei 225. Early redemption is determined every 6 months, and if the underlying assets are at or above 95% at 6 months, 90% at 12 months, 85% at 18 and 24 months, 80% at 30 months, and 75% at maturity of the initial reference price, it pays an annual return of 9.2% and is redeemed early.

Even if the early redemption conditions are not met, both products will pay the contracted returns at maturity if none of the underlying assets fall below 40% and 50% of the initial reference price during the investment period, respectively. If the underlying assets fall below these thresholds, losses ranging from 35% to 100% and 25% to 100% of the principal may occur, respectively.

The subscription period for general individual investors is until the 29th. According to the investor cooling-off system, there will be a cooling-off period from the 30th to the 3rd of next month, and investors can confirm their subscription intention from the 4th until 10 a.m. on the 5th.

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