[Asia Economy Reporter Park Jihwan] Hi Investment & Securities announced on the 12th that it will publicly offer two types of equity-linked securities (ELS) totaling 2 billion KRW by 1 PM on the 16th.
HI ELS No. 2542 is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing price of the underlying assets is at least 95% (6 months), 90% (12 months), 85% (18 months), 85% (24 months), 80% (30 months), and 80% (36 months) of the initial reference price, it pays a maximum return of 14.10% (4.70% annualized).
Even if early redemption does not occur, if none of the underlying assets have fallen below 57% of the initial reference price by the maturity evaluation date, a 4.70% annual return is paid. However, if any of the underlying assets have fallen below 57% at any time and at maturity any of the underlying assets are below 80%, principal loss may occur according to the maturity redemption conditions.
HI ELS No. 2543 is a 3-year maturity, semi-annual early redemption type lizard ELS based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 92% (6 months), 90% (12 months), 85% (18 months), 85% (24 months), 80% (30 months), and 65% (36 months) of the initial reference price, it pays a maximum return of 12.60% (4.20% annualized).
Even if the above early redemption conditions are not met, if from the initial reference price evaluation date (excluding) to the second early redemption evaluation date (12 months) none of the underlying assets’ closing prices have fallen below 83% of the initial reference price (lizard condition), a 4.20% lizard return is paid and the investment is redeemed.
At maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return is paid; however, if any underlying asset falls below 65%, principal loss may occur according to the maturity redemption conditions.
The minimum subscription amount for the product is 1 million KRW, and subscriptions can be made in units of 100,000 KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
