Hanwha Investment & Securities issues 19.99bn won DLB linked to USD/KRW (2.96%-2.97% p.a.)

Hanwha Investment & Securities publicly offers 19.99bn won of 'Hanwha Smart DLB No. 537' (face value 10,000 won, issue price 9,995 won)
Underlying: USD/KRW reference rate, maturity Aug 10, 2026 (94 days)
Redemption: if USD/KRW ≥ 2,000 → 2.97% p.a., if < 2,000 → 2.96% p.a. (pre-tax)
Early redemption available but at ≥95% of fair value (≥90% within 6 months); principal loss possible
Issuer credit rating AA- (NICE), unsecured, not deposit insured
Issuance may be cancelled if total subscription < 1bn won
Issuer's DLB outstanding: 623.2bn won as of end-2025 (including private), credit equivalent amount 3.44bn won