Hyundai Motor Securities Issues KRW 5bn ELS Linked to Tesla & Palantir (Non-Principal Protected, Very High Risk)
-
Hyundai Motor Securities issues ELS linked to Tesla (TSLA) and Palantir (PLTR) worth KRW 50 billion (total shelf balance KRW 1.465 trillion)
-
Face value per security: KRW 10,000; minimum subscription: KRW 1 million; 3-year maturity (Feb 19, 2029); unlisted; cash settlement
-
Auto-call conditions: 1st~2nd: 75%, 3rd~4th: 70%, 5th: 65% of initial price; yield 10.1% p.a. (pre-tax)
-
Redemption at maturity: 30.3% (10.1% p.a.) if all underlying ≥60% or no Knock-In (15% barrier); if Knock-In triggered, principal loss up to -100%
-
Underlying volatility: TSLA 62.86%, PLTR 60.83%, correlation 0.4243
-
Issuer credit rating: AA- (Korea Rating, KIS, NICE) as of 2025
-
High-difficulty financial product; not covered by deposit insurance; potential loss exceeding 20% of principal; early redemption may incur loss
KOSPI Filing Information
-
Filing: Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)
-
Company: Hyundai Motor Securities (001500)
-
Submission: Hyundai Motor Securities
-
Receipt: 02-03-2026