[Asia Economy Reporter Minji Lee] HI Investment & Securities announced on the 30th that it will publicly offer one type of equity-linked securities (ELS) totaling 80 billion KRW until 4 PM on December 7.
HI ELS No. 3195 is a 3-year maturity, semi-annual early redemption 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 27.90% (9.30% 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 yield will be paid. However, if any one of the underlying assets 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.
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