NH Investment & Securities Files Registration for Issuance of Two ELS Products Worth 6 Billion Won
NH Investment & Securities filed a registration statement with the Financial Services Commission on June 1, 2026, for the public offering of two Equity-Linked Securities (ELS): 'N2 Retirement Pension ELS Series 53' (underlying: KOSPI200) and 'Series 54' (underlying: Samsung Electronics & SK Hynix), totaling 6 billion won.
Each product is worth 3 billion won, with an issue price of 100,000 won per security and a 3-year maturity (June 12, 2029). They are principal-protected step-down structures with maximum loss of 40% and maximum yields of 12.45% p.a. for Series 53 and 20.80% p.a. for Series 54, classified as high-difficulty financial investment products.
Subscription period runs from June 2 to June 11, 2026, exclusively for holders of retirement pension (DC/IRP) accounts through NH Investment & Securities branches or mobile app. The issuer's credit rating is AA+ (Korea Ratings).
The proceeds will be used for hedging transactions and investment in high-quality debt securities and derivatives. Issuance costs are 150,000 won per series, total 300,000 won.
[AI Summary]This filing is a routine registration for issuing new ELS products and does not directly affect NH Investment & Securities' equity or shareholder value. While it may generate additional fee income, it is a neutral event for existing shareholders.