Hi Investment & Securities, Public Offering of 2 Types of ELS
General Individual Investors Can Subscribe from the 19th to the 21st
Hi Investment & Securities will offer two types of Equity-Linked Securities (ELS) totaling KRW 20 billion from the 19th until 4 PM on the 26th.
HI ELS No. 3451 is a 3-year maturity, early redemption type ELS with semi-annual observation periods, based on the Hang Seng China Enterprises Index (HSCEI), KOSPI 200 Index, and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% of the initial reference price (at 6 and 12 months), 85% (18 months), 80% (24 months), 75% (30 months), and 65% (36 months), it pays a maximum return of 23.10% (7.70% 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, a return of 7.70% per annum is paid. However, if any of the underlying assets fall below 65%, principal loss may occur according to the maturity repayment conditions.
HI ELS No. 3452 is a 3-year maturity, early redemption type ELS with semi-annual observation periods, based on the HSCEI, S&P 500 Index, and EUROSTOXX 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% (24 months), 75% (30 months), and 70% (36 months), it pays a maximum return of 20.40% (6.80% per annum).
Even if early redemption does not occur, if none of the underlying assets have fallen below 50% of the initial reference price until the maturity evaluation date, a return of 6.80% per annum is paid. However, if any underlying asset has fallen below 50% at any time and at maturity any underlying asset is below 70%, principal loss may occur according to the maturity repayment conditions.
The minimum subscription amount for the products is KRW 1 million, with additional subscriptions possible in units of KRW 100,000. General individual investors can subscribe from the 19th to the 21st. According to the investor cooling-off system, there is a 2-business-day cooling-off period after the subscription date, and the subscription intention must be confirmed on the 3rd business day.
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For more details, please contact Hi Investment & Securities branches or the Digital Contact Center.
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