NH Investment & Securities Issues ELS Series 24983, Targeting Annualized Return up to 13.8% Linked to Samsung Electronics and SK Hynix
NH Investment & Securities has issued the 24983th series of principal-guaranteed partial payment type ELS worth 99.8 billion KRW, with the registration statement becoming effective on July 16, 2026.
The underlying assets are Samsung Electronics common stock and SK Hynix common stock. If all underlying assets are at least 80% of the initial strike price on any autocall evaluation date, early redemption occurs; at maturity, a maximum annual return of 13.8% is possible if conditions are met.
If any underlying asset falls below 35% of the initial strike price on a closing basis during the investment period, a 20% principal loss is incurred. This product is not classified as a high-difficulty financial investment product.
The issuer NH Investment & Securities has a credit rating of AA+ and is stable, but ELS is not protected by the depositor protection act and principal loss is possible.
Proceeds will be used for hedging activities. The subscription is limited to corporate clients and runs until 4 PM on July 23, 2026.
[AI Summary]This ELS issuance is a routine capital activity with no dilution to shareholders. Given the underlying assets' potential decline from recent highs, investors should be cautious about the 35% knock-in barrier and possible principal loss upon early redemption.