NH Investment & Securities Issues Two ELS Linked to KOSPI200 and S&P500 Totaling KRW 7.53 Billion – Proceeds for Hedging, Neutral Impact on Shareholder Value
NH Investment & Securities issues two ELS: No. 24797 (USD 3M, approx. KRW 4.52B) linked to KOSPI200, and No. 24798 (USD 2M, approx. KRW 3.01B) linked to KOSPI200 and S&P500.
Both products have a 3-year maturity, are principal-protected (highly complex financial products), and offer annual returns of 12.72%~13.02% if early redemption conditions (75% or 70% barrier) are met, but may incur principal loss (up to 100%) if the underlying assets fall below 35%.
Issuer credit rating is AA+ (Korea Ratings, 2026.03.25). The securities are not deposit-protected, are unlisted, and have limited liquidity.
Proceeds (approx. KRW 7.53B) are fully used for hedging; issuance costs are about KRW 0.38B.
[AI Summary]This is a routine ELS issuance for NH Investment & Securities. The fundraising amount (approx. KRW 75.3B) is negligible relative to its market cap (approx. KRW 10.76T) and does not affect capital structure or shareholder returns, thus having a neutral impact on the stock price. Investors should be aware of potential principal loss and liquidity risks.