NH Investment & Securities Issues 5 Billion Won ELS Linked to Samsung and SK Hynix

Issuance of N2 Retirement Pension ELS No. 41 (3-year maturity) worth 50 billion won, 100,000 won per security, 50,000 securities
Underlying assets: Samsung Electronics common stock, SK Hynix common stock (issued near 20-year highs)
Product structure: partial principal protection, knock-in barrier 45%, autocall barrier 80% (semi-annual)
Annual yield 13% (on autocall or maturity), maximum loss -20% (if knock-in occurs)
Risk grade: 2 (high risk), sold exclusively to retirement pension (DC/IRP) accounts
Issuer credit rating: AA+ (NICE, 2026.03.25)
Unlisted securities, early redemption price at least 95% of fair value (90% within 6 months)
Historical simulation shows 84.5% probability of first autocall, total loss probability 1.09%