Shinhan Financial Investment Announces Subscription for Step-Down Type ELS No. 20809

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 13th that it will offer a step-down type “ELS (Equity-Linked Securities) No. 20809” with a total size of 5 billion KRW until 1 PM on the 16th.

The newly launched step-down “ELS No. 20809” is a product based on the KOSPI200, Euro Stoxx 50 Index, and S&P 500 ESG (SPXESUP INDEX) as underlying assets, with a 3-year maturity and early redemption possible every 6 months upon meeting specific conditions.

On early redemption evaluation dates, if the closing price of each underlying asset is at least 95% (6 months), 90% (12 months), 85% (18 months), 85% (24 months), 80% (30 months), and 65% (36 months) of the initial reference price, an annual return of 4.5% will be paid. If the closing price of the underlying assets on the maturity evaluation date is below 65% of the initial reference price, principal loss may occur.

The minimum subscription amount for this product is 1 million KRW, and subscriptions are available at Shinhan Financial Investment branches and online channels. Since the product’s return is linked to the price of the underlying assets, if the underlying assets do not meet the price conditions, the agreed return may not be received, or principal loss (-35% to -100%) may occur.