NH Investment & Securities Issues KRW 10 Billion ELS Linked to Samsung Electronics and SK Hynix with Partial Principal Protection
NH Investment & Securities is issuing its 24983rd series of Equity-Linked Securities ELS worth KRW 9.98 billion. The underlying assets are Samsung Electronics common stock and SK Hynix common stock, with partial principal protection.
The product has a maturity of 1.5 years and offers automatic early redemption at an annual return of 13.8% if all underlying assets are at or above 80% of the initial strike price on each evaluation date. If no underlying asset falls below 35% of the initial strike price during the investment period, investors receive a 20.7% return at maturity.
NH Investment & Securities holds a credit rating of AA+ and is a financially sound institution. However, this derivative security is not protected by the Depositor Protection Act, and investors may lose up to 20% of their principal.
[AI Summary]This additional ELS issuance is part of normal business operations and does not result in shareholder dilution or value change. The issuance size is negligible relative to market capitalization, and proceeds are used for hedging. The issuer's AA+ credit rating and strong financials mitigate credit risk.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)