Hi Investment & Securities, Public Offering of 2 Types of ELS

[Asia Economy Reporter Minji Lee] HI Investment & Securities announced on the 29th that it will publicly offer two types of equity-linked securities (ELS) totaling 4 billion KRW by 4 PM on October 6.

HI ELS No. 3141 is a 3-year maturity, semi-annual early redemption type ELS based on the KOSPI 200 Index, S&P 500 Index, and Euro Stoxx 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 85% of the initial reference price (at 6, 12, and 18 months), 80% (at 24 months), 75% (at 30 months), and 65% (at 36 months), it pays a maximum return of 23.40% (7.80% per annum).

Even if early redemption does not occur, if at maturity the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return rate is paid. However, if any one of the underlying assets falls below 65%, principal loss may occur according to the maturity redemption conditions.

HI ELS No. 3142 is a 3-year maturity, semi-annual early redemption type lizard ELS based on the KOSPI 200 Index, HSCEI, and Euro Stoxx 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% (at 6 and 12 months), 85% (at 18 months), 80% (at 24 months), 75% (at 30 months), and 70% (at 36 months) of the initial reference price, it pays a maximum return of 24.60% (8.20% per annum).

Even if the above 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 80% of the initial reference price during that period, or until the second early redemption evaluation date (12 months), the closing prices of all underlying assets have never fallen below 75% of the initial reference price during that period, the lizard return rate of 8.20% per annum is paid and redeemed.

Even if early redemption does not occur, if at maturity none of the underlying assets have ever fallen below 50% of the initial reference price until the maturity evaluation date, a return rate of 8.20% per annum is paid. However, if any one of the underlying assets has fallen below 50% at any time and at maturity any one of the underlying assets is below 70%, 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.