Hanwha Investment & Securities Issues 5 Billion Won KOSPI200-Linked Principal-Protected ELB with Monthly Coupons, No Shareholder Dilution
Hanwha Investment & Securities issues Hanwha Smart ELB No. 1131 worth 5 billion won. The underlying asset is the KOSPI200 index, with principal protection at maturity.
Monthly coupons of 0.6525% per month or 7.83% per annum are paid if the underlying closes at or above 65% of the initial strike. Autocall barrier is set at 75%.
Proceeds will be used for hedging and financial investment products to ensure stable repayment.
This product is not protected by the Depositor Protection Act. The issuer's credit rating is AA- stable.
From a shareholder value perspective, this ELB issuance does not involve new equity, so there is no dilution of existing shares.
[AI Summary]This 5 billion won ELB issuance by Hanwha Investment & Securities raises funds without shareholder dilution, with proceeds allocated to hedging and investments. The principal-protected structure offers investor protection, but market volatility may affect returns.