Hi Investment & Securities Announces Public Offering of Two Early Redemption ELS Products
Hi Investment & Securities will offer two types of equity-linked securities (ELS) totaling KRW 20 billion from the 1st until 4 PM on the 8th.
HI ELS No. 3565 is a 3-year maturity, semi-annual early redemption type ELS based on the Hang Seng China Enterprises Index (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% (at 24 months), 75% (at 30 months), and 70% (at 36 months), it pays a maximum return of 24.90% (8.30% per annum). Even if early redemption does not occur, if none of the underlying assets have fallen below 50% of the initial reference price by the maturity evaluation date, it pays an 8.30% annual return. 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. 3566 is a 3-year maturity, semi-annual early redemption type ELS 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% (at 24 months), 75% (at 30 months), and 65% (at 36 months), it pays a maximum return of 25.80% (8.60% 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, it pays an 8.60% annual return. 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 units of KRW 100,000. General individual investors can subscribe from the 1st to the 3rd. According to the investor cooling-off system, there is a two-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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