Hi Investment & Securities Announces Public Offering of 3 Early Redemption ELS Types
General Individual Investors Can Subscribe from October 18 to 20
Hi Investment & Securities will offer three types of Equity-Linked Securities (ELS) totaling KRW 22 billion from the 18th until 4 PM on the 25th.
HI ELS No. 3543 is a 3-year maturity, semi-annual automatic early redemption ELS based on the Hang Seng China Enterprises Index (HSCEI), S&P 500 Index, and Euro Stoxx 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 24.00% (8.00% 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, an 8.00% annual return is paid. However, if any of the underlying assets have fallen below 50% at any time and at maturity any of the underlying assets are below 70%, principal loss may occur according to the maturity redemption conditions.
HI ELS No. 3544 is a 3-year maturity, semi-annual automatic early redemption ELS based on the HSCEI, KOSPI 200 Index, and S&P 500 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 23.10% (7.70% 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 7.70% annual return is paid. However, if any of the underlying assets have fallen below 50% at any time and at maturity any of the underlying assets are below 70%, principal loss may occur according to the maturity redemption conditions.
HI ELS No. 3545 is a 3-year maturity, semi-annual automatic early redemption ELS based on SK Hynix common stock, HSCEI, and S&P 500 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 and 12 months), 80% (18 and 24 months), 75% (30 months), and 65% (36 months), it pays a maximum return of 33.60% (11.20% per annum). Even if early redemption does not occur, if the closing prices of all underlying assets are at least 65% of the initial reference price at maturity, an 11.20% annual return is paid. However, if any of the underlying assets fall below 65%, principal loss may occur according to the maturity redemption conditions.
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The minimum subscription amount for the products is KRW 1 million, with additional subscriptions possible in KRW 100,000 increments. General individual investors can subscribe from the 18th to the 20th. 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 third business day. For more details, please contact Hi Investment & Securities branches or the Digital Contact Center.
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