Hanwha Investment and Securities Files Prospectus for 39.8 Billion KRW Smart ELB Issuance Linked to Samsung Electronics, Credit Rating AA-
Hanwha Investment and Securities has filed a prospectus for the issuance of Smart ELB series 1169 and 1170 linked to Samsung Electronics common stock, totaling 39.8 billion KRW, effective July 8, 2026.
Each series aims to raise 19.9 billion KRW at an issue price of 9,950 KRW per 10,000 KRW face value, maturing on July 24, 2029. The securities are unlisted and subscription is limited to Hana Bank trust department.
Series 1169 offers an annual return of 6.70% if the underlying asset remains above 65% of the initial strike on automatic early redemption dates, with principal protection. Series 1170 offers a monthly coupon of 0.715% and principal protection if conditions are met.
The issuer's credit rating is AA- from NICE, indicating low credit risk. Proceeds will be used for hedging and financial investments.
[AI Summary]This routine ELB issuance by Hanwha Investment and Securities poses no shareholder dilution but carries liquidity risk due to non-listing and market risk from underlying asset price movements.