NH Investment & Securities Reports Issuance Results for 41st Retirement Pension ELS (Actual Raised KRW 365M)
NH Investment & Securities reports issuance results for 41st series of N2 Retirement Pension ELS (Equity-Linked Securities).
Actual funds raised KRW 365.3 million, only 7.3% of the planned KRW 50 billion in the securities registration statement, resulting in under-subscription.
Issuance costs: KRW 18,260 contribution fee (no other costs).
Proceeds to be used for hedging transactions (trading underlying stocks/derivatives).
Conditions: Auto early redemption (1st-5th) if each underlying ≥80% of initial; at maturity, if all ≥80% or no drop below 45%, pay 139%; if any drops below 45%, 20% loss.