NH Investment & Securities' 5 Billion KRW N2 Retirement Pension ELS Series 72 Becomes Effective - Linked to Samsung Electronics and SK Hynix, Partial Principal Protection, Issuer Credit Rating AA+
NH Investment & Securities announced on July 13, 2026 that the registration statement for its N2 Retirement Pension ELS Series 72 based on Samsung Electronics and SK Hynix common stocks became effective.
The public offering totals 5 billion KRW with a face value and issue price of 100,000 KRW per security, and a total issuance of 50,000 securities.
This ELS is a partial principal-guaranteed type: if all underlying assets are at least 50% of the initial price at maturity, it offers 6% annual return; if any is below 50%, investors lose 1% of principal.
The issuer NH Investment & Securities has a credit rating of AA+, and the proceeds will be used for hedging and other purposes.
[AI Summary]This ELS issuance is part of expanding the retirement pension product line and aims to generate fee income, not capital restructuring. There is no direct dilution for shareholders, but exposure to issuer credit risk exists. Considering the limited loss structure and strong credit rating, investor protection is adequate, but principal loss is possible in a downturn.