Hanwha Investment & Securities Completes 566M Won Issuance of Hanwha Smart ELB No. 1081
Hanwha Investment & Securities issued 10,000 units of Hanwha Smart ELB No. 1081 (equity-linked bonds) at 56,610 won per unit, totaling 566,100,000 won
Purpose: Use proceeds for hedging intermediate and maturity redemption amounts, purchasing similar securities, or investing in underlying assets and derivatives
Monthly coupon condition: If all underlying assets close at or above 85% of initial reference price on each monthly evaluation date, pay 0.95% per month (11.40% per annum, pre-tax)
Automatic early redemption: If all underlying assets close at or above 90% of initial reference price on any of 11 evaluation dates, redeem at 100% of face value
Maturity redemption: If all underlying assets close at or above 90%, pay 100% of face value; otherwise, still pay 100% (principal-protected)