NH Investment & Securities announced that it will be accepting subscriptions for three types of "N2 Retirement Pension ELS (Equity-Linked Securities) No. 13 to No. 15" for retirement pension subscribers until February 12, 2026.
Among domestic securities firms, NH Investment & Securities is currently the only one where investors can invest in ELS through retirement pension accounts (DC/IRP). Reflecting the characteristics of retirement pension customers, this product limits the maximum loss rate to 20% (partial principal protection at 80%), while including high-quality overseas stocks as underlying assets to raise the expected return to up to 12.5% per year (37.5% at maturity).
"N2 Retirement Pension ELS No. 13" uses the KOSPI 200, U.S. S&P 500, and European EuroStoxx 50 indices as underlying assets. It has a three-year maturity structure and offers early redemption opportunities every six months. If, on any valuation date (6, 12, 18, 24, 30 months), all underlying assets are at or above 85% of their initial reference price, it pays a pre-tax return of 4.30% per year and is redeemed.
The knock-in barrier is set at 50%. Even if early redemption does not occur, as long as none of the underlying assets has ever fallen below 50% of its initial reference price during the term, or if all of them are at or above 85% on the final valuation date, the product provides a total return of 12.90% (equivalent to 4.30% per year).
"N2 Retirement Pension ELS No. 14" uses overseas stocks Tesla and Palantir as underlying assets. The knock-in barrier is set at 45%, and if the conditions are met, investors can obtain a pre-tax return of 8.80% per year.
"N2 Retirement Pension ELS No. 15" maximizes profitability by using overseas stocks Palantir and Micron as underlying assets. By lowering the knock-in barrier to 35%, it enhances downside protection in a falling market, while providing a high pre-tax return of 12.50% per year.
All three products have a three-year maturity structure, and even if neither the early redemption conditions nor the knock-in conditions are met, principal loss is capped at a maximum of 20%. Subscriptions are available until 2:30 p.m. on February 12, 2026 at all NH Investment & Securities branches and through its mobile apps (N2, Namu MTS), with a minimum subscription amount of 100,000 won.
These products are all included in the ongoing "N2 Retirement Pension ELS Launch Event." After applying for the event, investors can receive benefits worth up to 10,000 won, depending on their allocated subscription amount.
An NH Investment & Securities representative said, "For retirement pension customers who are torn between stability and profitability, we have prepared a differentiated ELS lineup that manages loss risk while enhancing returns," adding, "As the only platform where investors can invest in ELS through retirement pension accounts, we will continue to introduce innovative products that broaden investors' range of choices."
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