Korea Investment & Securities, ELS Seeking Up to 46% Annual Return Upon Meeting Conditions

Korea Investment & Securities, a subsidiary of Korea Financial Group, announced on the 22nd that it will offer 25 types of Equity-Linked Bonds (ELB) and Equity-Linked Securities (ELS).

'True ELB Series 1907' is a knock-out call-type product with Naver as the underlying asset. The maturity is one year, and if the underlying asset stays within the range of exceeding 100% but not exceeding 133% of the initial reference price, it pays an annual maximum return of 33% and is redeemed. If the underlying asset falls outside the condition range even once during the investment period, only the principal is repaid.

'True ELB Series 1908' is a knock-out call-type product with Tesla as the underlying asset. The maturity is one year, and if the underlying asset stays within the range of exceeding 100% but not exceeding 146% of the initial reference price, it pays an annual maximum return of 46% and is redeemed. If the underlying asset falls outside the condition range even once during the investment period, only the principal is repaid.

'True ELS Series 16332' is a Safezone step-down type product with SK Hynix, Naver, and the Standard & Poor's (S&P) 500 as underlying assets. The maturity is three years, and if the underlying assets are at or above 95% (4 months), 90% (8 months), 85% (12, 16, 20, 24 months), 80% (28 months), 75% (32 months), and 70% (maturity) of the initial reference price, it pays an annual return of 10.2% and is early redeemed.

'True ELS Series 16336' is a product with Uber and Walmart as underlying assets. The maturity is three years, and redemption decisions are made every six months. If the underlying assets are at or above 85% (6, 12 months), 80% (18 months), 75% (24 months), 70% (30 months), and 65% (maturity) of the initial reference price, it is early redeemed with an annual return of 11.2%.

For the two ELS products above, even if the early redemption conditions are not met, if none of the underlying assets fall below 45% and 40% respectively of the initial reference price during the investment period, the agreed returns will be paid at maturity. If the underlying assets fall below the reference levels, losses ranging from 55% to 100% and 35% to 100% of the principal may occur respectively. The Safezone step-down product pays the principal if the underlying assets are at or above 45% on the maturity evaluation date, even if they have fallen below the loss threshold during the investment period.

The subscription period for general individual investors is until the 23rd. According to the investor cooling-off system, there will be a cooling-off period from the 24th to the 25th, and investors can confirm their subscription intention from the 28th to 29th until 10 a.m.

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