Hi Investment & Securities Announces Public Offering of 2 ELS Products with Up to 6% Annual Returns

[Asia Economy Reporter Ji-hwan Park] Hi Investment & Securities announced on the 19th that it will publicly offer two types of equity-linked securities (ELS) totaling 4 billion KRW by 4 PM on the 26th.

HI ELS No. 2863 is a 3-year maturity, early redemption type ELS with semi-annual evaluation 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 85% (6 months), 85% (12 months), 80% (18 months), 80% (24 months), 75% (30 months), and 70% (36 months) of the initial reference price, it pays a maximum return of 18.00% (6.00% per annum).

Even if early redemption does not occur, if none of the underlying assets have fallen below 55% of the initial reference price by the maturity evaluation date, a 6.00% annual return is paid. However, if any of the underlying assets have fallen below 55% at any time and at maturity any of the underlying assets are below 70%, principal loss may occur according to the maturity redemption conditions.

HI ELS No. 2864 is a 3-year maturity, semi-annual early redemption type lizard ELS based on the KOSPI 200 Index, S&P 500 Index, and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 88% (6 months), 88% (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 17.10% (5.70% per annum).

Even if early redemption conditions are not met, if from the initial reference price evaluation date (excluded) to the first early redemption evaluation date (6 months) the closing prices of all underlying assets have never fallen below 83% of the initial reference price, or until the second early redemption evaluation date (12 months) the closing prices of all underlying assets have never fallen below 75%, a lizard return of 5.70% per annum 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 of the underlying assets fall 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 are possible in units of 100,000 KRW.