by Hwang Yoonju
Published 12 Apr.2022 09:53(KST)
[Asia Economy Reporter Hwang Yoon-joo] NH Investment & Securities has launched a Wrap account-exclusive Equity-Linked Securities (ELS).
NH Investment & Securities announced on the 12th that it will recruit subscribers for Wrap-exclusive ELS No. 21740 until 4 p.m. on the 20th.
NH Investment & Securities launched the Wrap-exclusive ELS to leverage the advantages of the Wrap account, which allows asset allocation across various products such as domestic and international stocks, funds, and bonds. Wrap-exclusive ELS No. 21740 is a 3-year maturity product based on the S&P 500 index and Tesla Inc.
On early redemption evaluation dates, if the prices of all underlying assets are at least 80% of the initial reference price (at 6, 12, 18, and 24 months), 75% (at 30 months), or 70% (at 36 months), an annual pre-tax return of 18.20% will be paid.
Even if early redemption does not occur, if none of the underlying assets have fallen below 40% of the initial reference price until the maturity evaluation date, an annual pre-tax return of 18.20% will be paid. However, if any of the underlying assets have fallen below 40% of the initial reference price at any time and at maturity any asset is below 70%, principal loss of up to 100% may occur according to the maturity redemption conditions.
To commemorate the launch of the Wrap account-exclusive ELS, an ELS & NH Creator Account subscription event is also being held. The event is for face-to-face customers at NH Investment & Securities branches and will run for six weeks until May 20. The first 1,500 customers who visit an NH Investment & Securities branch, open a new NH Creator Account (high difficulty), and deposit more than 5 million KRW will receive a Starbucks Americano gifticon.
Among customers who already have or newly open an NH Creator Account, those who subscribe to the Wrap-exclusive ELS for the first time will also receive 10,000 NH Members points, limited to the first 1,500 customers.
Additionally, to celebrate the launch of the Wrap-exclusive ELS, all customers will receive department store gift certificates up to 200,000 KRW based on the ELS subscription allocation amount (for allocations of 300 million KRW or more after ELS subscription). As an additional event for existing customers, investors who were unable to subscribe to ELS after the implementation of the high-difficulty financial investment product system will receive an additional 10,000 KRW department store gift certificate when subscribing to ELS through NH Investment & Securities accounts such as discretionary or Wrap accounts.
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