NH Investment & Securities Offers 13 High-Risk ELS Based on Near-Peak Underlyings
NH Investment & Securities offers 13 principal-protected ELS (tranches 24711-24723) totaling KRW 84.4 billion; many underlying assets (Tesla, Palantir, KOSPI200, S&P500, EuroStoxx50, Samsung Electronics, SK Hynix) are at or near all-time highs within the last 6 months.
Issuer credit rating AA+ (Korea Ratings, Mar 25, 2026); not covered by depositor protection; high-difficulty financial product with potential 100% loss of principal.
3-year maturity, automatic early redemption features, possible principal loss upon early redemption, limited liquidity as unlisted securities.
Key structures: step-down ELS (early redemption barriers 85%~65%), monthly coupon type (tranche 24711, 13.71% p.a.), knock-in barriers at 25%~40%.