NH Investment & Securities Files Prospectus for KRW 6 Billion Retirement Pension ELS Offering
NH Investment & Securities is publicly offering two series of Equity Linked Securities (ELS) for retirement pension (DC/IRP) accounts: Series 53 (linked to KOSPI200) and Series 54 (linked to Samsung Electronics and SK Hynix), totaling KRW 6 billion (KRW 3 billion each).
Subscription period: June 2 to June 11, 2026 (2:30 PM). Face value per security: KRW 100,000. Minimum subscription: KRW 100,000.
Series 53: Principal-guaranteed partial type (max loss 40%), 3-year maturity. Auto-call triggers at 85%→75%→75%→75%→75% of initial price, yielding 12.45% p.a. if met; otherwise up to 40% loss.
Series 54: Worst-of structure with knock-in at 40% decline. Max return 62.4% (20.8% p.a.) if all conditions met; max loss 40%.
Proceeds will be used entirely for hedging (purchase of bonds, deposits, and derivatives), representing normal business operations with no impact on capital structure or shareholder returns.
Issuer credit rating: AA+ (Korea Ratings, March 25, 2026). These securities are not deposit-protected, unlisted, and have limited liquidity.
[AI Summary]This ELS issuance is a routine funding activity within NH Investment & Securities' normal business scope. The small size (KRW 6 billion) relative to market cap (~KRW 10.8 trillion) has a neutral impact on shareholder value, with no dilution or capital changes.