[Asia Economy Reporter Park Ji-hwan] HI Investment & Securities announced on the 20th that it will offer a total of 2 billion KRW worth of monthly payment equity-linked securities (ELS) of one type until 1 PM on the 26th. The minimum subscription amount for the product is 1 million KRW, in units of 100,000 KRW.
HI ELS 2104 is based on the Hang Seng China Enterprises Index (HSCEI), EUROSTOXX 50 Index, and NIKKEI 225 Index. It is a 3-year maturity, 6-month interval monthly payment automatic early redemption ELS that pays a monthly coupon of up to an annual rate of 4.32% (0.36% monthly) if the closing prices of all underlying assets on the monthly coupon payment evaluation date are at least 60% of the initial reference price.
Every 6 months after issuance, on the automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 95% (6 months), 95% (12 months), 90% (18 months), 85% (24 months), 85% (30 months), and 80% (36 months) of the initial reference price, the principal will be returned.
Even if the redemption conditions are not met until maturity, the principal is guaranteed if none of the underlying assets have fallen below 55% of the initial reference price during the investment period. However, if any of the underlying assets have fallen below 55%, losses may occur according to the maturity redemption conditions.
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