Korea Investment & Securities, ELS with Up to 20% Annual Yield Upon Meeting Conditions

Korea Investment & Securities, a subsidiary of Korea Financial Group (President Jeong Il-moon), announced on the 6th that it will launch six types of Equity-Linked Securities (ELS).

'True ELS Series 16612' is a 3-year maturity product based on AMD (Advanced Micro Devices) and NVIDIA as underlying assets. Early redemption is determined every six months. If the underlying assets are at or above 70% of the initial reference price at 6, 12, 18, and 24 months, 65% at 30 months, and 60% at maturity, an annual return of 11% is paid and early redemption occurs.

'True ELS Series 16614' is a 3-year maturity lizard step-down type product based on the U.S. electric vehicle company Tesla. If the underlying asset has never fallen below the lizard barrier of 50% of the initial reference price from the initial reference date to the 12-month early redemption evaluation date (second evaluation), an annual return of 20% is paid and the product is redeemed. If the underlying asset is at or above 80% of the initial reference price at 6 and 12 months, 75% at 18 months, 70% at 24 and 30 months, and 65% at maturity, an annual return of 10% is paid and early redemption occurs.

Even if the early redemption conditions are not met for both products, if the underlying assets have not fallen below 35% of the initial reference price during the investment period, the contracted returns will be paid at maturity. However, if the assets fall below the threshold, losses ranging from 40% to 100% and 35% to 100% of the principal may occur, respectively.

The subscription period for general individual investors is from the 6th to the 7th. According to the investor cooling-off system, there will be a cooling-off period from the 8th to the 9th, and investors can confirm their subscription intentions from the 10th until 10 a.m. on the 13th.

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