NH Investment Issues KRW 149.6bn ELB on Hyundai Motor (Series 2810)

NH Investment & Securities issues ELB Series 2810 linked to Hyundai Motor common stock, total USD 9.95 million (approx. KRW 149.6 billion)
Credit rating AA+ (Korea Ratings), maturity June 5, 2029, unlisted
Monthly coupon: if underlying closes at or above 65% of initial price, pays 0.6% per month (max 7.2% p.a.)
Auto-call: on each of 5 evaluation dates, if underlying >= 80% of initial, principal repaid
Maturity: if underlying >= 80% of initial, principal; else, principal still returned (principal protection)
Subscription restricted to Nonghyup Bank trust customers, minimum USD 1,000
Proceeds used for hedging and purchase of high-grade bonds