NH Investment & Securities Launches ELS Series 24935 and 24937 Totaling KRW 25.16 Billion, High-Risk Principal-Protected Products Open for Subscription
NH Investment & Securities has filed a prospectus for the issuance of two principal non-guaranteed ELS series totaling KRW 25.16 billion. Series 24935 amounts to KRW 9.9 billion while Series 24937 is USD 9.9 million approximately KRW 15.26 billion.
Underlying assets are Nikkei225, S&P500, and EuroStoxx50 indices with a knock-in barrier at 60% potential total principal loss at maturity. Subscription on July 22 is limited to Woori Bank trust clients and the issuer maintains an AA+ credit rating.
Proceeds will be fully used for hedging with no equity dilution or capital structure change. The securities are unlisted and early redemption is available at 95% or more of fair value but carries principal loss risk.
[AI Summary]This document is a routine prospectus for NH Investment & Securities ELS issuance with no direct impact on existing shareholders through dilution or capital allocation changes. Key investor considerations include the high-risk nature of the product index volatility and knock-in barrier.