Eugene Investment & Securities Launches Early Redemption Step-Down ELS Public Offering

On the 28th, Eugene Investment & Securities announced that it will offer one type of early redemption step-down ELS through public subscription until the 6th of next month.

The "436th ELS" is a 2-year maturity principal non-guaranteed product based on the S&P 500 index and Tesla (TESLA). The pre-tax annual return for early redemption and maturity redemption is up to 18%.

The 436th ELS provides opportunities for early redemption and maturity redemption every 4 months according to the step-down structure. If the closing prices of all underlying assets are at least 85% (4 months), 80% (8 months), 75% (12 months, 16 months), and 70% (20 months) of the initial reference price on the early redemption evaluation dates, early redemption will occur. If the closing prices are at least 60% (24 months) on the maturity evaluation date, the maturity redemption condition is met, allowing a pre-tax annual return of 18%.

This product adopts a knock-in structure, so even if the closing prices of the underlying assets are below 60% of the initial reference price on the maturity evaluation date, as long as none of the underlying assets have fallen below 35% of the initial reference price until the maturity evaluation date, maturity redemption will occur, allowing receipt of principal and interest. However, if this condition is not met, principal loss may occur.

The minimum subscription amount for the public offering product is 1 million KRW, and since it is an online-only product, subscriptions can be made through the Eugene Investment & Securities website, MTS, and HTS.

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