Eugene Investment & Securities Announces Public Offering of Two Early Redemption Step-Down ELS
Subscription Open Until the 20th
On the 16th, Eugene Investment & Securities announced that it will offer two types of early redemption step-down equity-linked securities (ELS) through public subscription until the 20th.
The "540th ELS" is a 3-year maturity principal non-guaranteed product based on the KOSPI 200, Nikkei 225, and Euro Stoxx 50 indices. According to the step-down structure, early redemption and maturity redemption opportunities are provided every six months. If the closing prices of all underlying assets on the early redemption evaluation dates are at least 95% (6 months), 90% (12 months), 85% (18 months), 80% (24 months), and 75% (30 months) of the initial reference price, early redemption will occur. If the closing prices on the maturity evaluation date are at least 65% (36 months), the maturity redemption condition is met, allowing a pre-tax annual return of 9%.
The "541st ELS" is a 3-year maturity principal non-guaranteed product based on Tesla and Nvidia. Early redemption and maturity redemption opportunities are provided every six months. If the closing prices of all underlying assets on the early redemption evaluation dates are at least 85% (6 months), 80% (12 months), 75% (18 months), 70% (24 months), and 65% (30 months) of the initial reference price, early redemption will occur. If the closing prices on the maturity evaluation date are at least 45% (36 months), maturity redemption will be executed, providing a pre-tax annual return of 14.1%.
The "540th ELS" offered this time follows a no knock-in structure, where if the closing prices of all underlying assets on the maturity evaluation date (36 months) are at least 65% of the initial reference price, the principal repayment condition is met, and maturity redemption will occur. If even one falls below 65%, principal loss will occur.
The "541st ELS" adopts a knock-in structure, where even if the closing prices of the underlying assets on the maturity evaluation date are below 45% of the initial reference price, if none of the underlying assets have fallen below 25% until the maturity evaluation date, maturity redemption will occur, and principal and interest can be received. However, if this condition is not met, principal loss will occur.
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The "540th ELS" can be subscribed to at Eugene Investment & Securities' nationwide branches, website, Mobile Trading System (MTS), and Home Trading System (HTS), while the online-exclusive "541st ELS" can be subscribed to through the website, MTS, and HTS.
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