Hanwha Investment & Securities offers three Equity-Linked Bonds (ELB No. 133, 134, 135) under a shelf registration, totaling 150 billion KRW.
No. 133 (Tesla, 6-month maturity): Knock-in at 130%; pays max 30% return (50% participation in price rise) or principal only if knock-in occurs.
No. 134 (SK Hynix, 3-year maturity): Monthly conditional coupon (13.80% p.a.) and auto-call (95% barrier); principal fully protected at maturity.
No. 135 (Micron, 6-month maturity): Knock-in at 140%; pays max 40% return (50% participation in price rise) or principal only if knock-in occurs.
Each tranche: 50 billion KRW, minimum subscription 100,000 KRW (in 10,000 KRW increments), subscription period 2026.05.11~05.13 via online (WTS) only.
These ELBs are not covered by deposit insurance, unlisted, illiquid, and may incur losses upon early redemption.
Issuer credit rating AA- (NICE, as of 2025.12.05); net proceeds after issuance costs of 25 million KRW (250,000 per tranche) will be used for hedging etc.
Total issued under the existing shelf (filed 2025.12.12) reaches 2,384.5 billion KRW against a planned 2.5 trillion KRW, leaving 115.4 billion KRW remaining.