NH Investment & Securities Issues KRW 5bn Principal-Protected ELB Linked to Samsung Electronics and SK Hynix
Issuance of ELB Series 2812 with total offering amount of KRW 5bn, face value KRW 100,000 per security, 3-year maturity (June 5, 2029)
Underlying assets: Samsung Electronics common stock, SK Hynix common stock (listed on KRX)
Monthly coupon: Paid at 0.835% (pre-tax, max 10.02% p.a.) if both underlying stocks close at or above 75% of initial price on each monthly evaluation date
Auto-call: Evaluated semi-annually; if both stocks are at or above 85% of initial price, early redemption at 100% of principal (up to 5 times)
Maturity redemption: If both stocks are at or above 85% of initial price, principal + final coupon; if either is below 85%, principal (100%) paid (no loss)
Product risk rating: Level 5 (low risk), unlisted, not protected by depositor protection act