NH Investment & Securities Issues ELS Series 24646 with 5 Billion KRW Public Offering Based on Tesla and SK Hynix, Non-Principal Protected High-Difficulty Product
NH Investment & Securities is publicly offering ELS series 24646, a non-principal protected equity-linked security, with underlying assets of Tesla Inc. and SK Hynix common stock, for a total of 5,000,000,000 KRW.
Each security has a face value and issue price of 100,000 KRW, with a total of 50,000 securities. The minimum subscription amount is 1,000,000 KRW, and the subscription period runs from April 16 to April 21, 2026.
This security is classified as a high-difficulty financial investment product, and depending on the price movement of the underlying assets at maturity or autocall, investors may lose up to 100% of principal. The autocall conditions are structured with step-down barriers.
The proceeds will be used for hedging activities to ensure stable payment of redemption amounts under the issue terms. The issuer's credit rating is AA+ by Korea Ratings.
[AI Summary]NH Investment & Securities' ELS issuance is a routine funding and hedging activity, neutral for shareholder value. The non-principal protected high-difficulty product carries high investor risk but falls within the issuer's normal business operations.