NH Investment & Securities Issuance of KRW 6 Billion Principal-Protected ELB Series 2816 for Pension Funds
NH Investment & Securities is publicly offering the 2816th series of ELB linked to Samsung Electronics and KEPCO common stocks, with a total offering amount of KRW 6 billion (600,000 securities at KRW 10,000 each).
The bond has a 364-day maturity (June 4, 2027) with no automatic early redemption feature. It offers a principal-protected structure: if both underlying assets close at 300% or more of the initial strike price at maturity, a 3.751% annual return (pre-tax) is paid; otherwise, a 3.750% annual return is paid.
Eligible investors are limited to retirement pension reserves under the Employee Retirement Benefit Security Act; individual subscriptions are not allowed. The issuance may be canceled if aggregate subscriptions fall below KRW 1 billion.
Proceeds will be used for hedging transactions (e.g., trading underlying futures/options). The bond is not protected by the Depositor Protection Act and is unlisted, so liquidity before maturity is low.
NH Investment & Securities has a credit rating of AA+ (Korea Ratings, March 25, 2026). There is a risk of principal loss due to the issuer's credit risk.
[AI Summary]This disclosure pertains to a routine principal-protected ELB issuance exclusively for pension funds, with no direct impact on shareholder value. There is no equity dilution or change in control, and the low-risk, stable return structure suggests a neutral (score 5) effect on NH Investment's stock price.