Hi Investment & Securities Announces Public Offering of Two Step-Down Type ELS
Hi Investment & Securities will offer two types of Equity-Linked Securities (ELS) worth approximately 160 billion KRW through a public offering from the 20th until 4 PM on the 27th.
HI ELS No. 3594 is a 3-year maturity, early redemption type ELS with semi-annual evaluation, 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 21.00% (7.00% per annum).
Even if early redemption does not occur, if none of the underlying assets have fallen below 50% of the initial reference price by the maturity evaluation date, it pays a 7.00% annual return. However, if any of the underlying assets have dropped 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. 3595 is a 3-year maturity, early redemption type ELS with semi-annual evaluation, based on the KOSPI 200 Index, 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, 18, and 24 months), 80% (at 30 months), and 65% (at 36 months), it pays a maximum return of 18.60% (6.20% 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, it pays a 6.20% 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 1 million KRW, with subscriptions possible in units of 100,000 KRW. General individual investors can apply from the 20th to the 21st. 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.
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