Hanwha Investment & Securities Finalizes 29.85 Billion KRW ELB Linked to Samsung Electronics – Principal Protection and Monthly Coupon Structure Detailed
Hanwha Investment & Securities is raising a total of 29.85 billion KRW through the Hanwha Smart ELB No. 1190 derivative-linked bond, whose registration statement became effective on July 22, 2026.
The underlying asset is Samsung Electronics common stock, with an issue price of 9,950 KRW per bond, issuing 3 million units. Subscription runs for one day only on August 3, 2026.
The 3-year principal-protected structure offers a monthly coupon of 0.625% annum 7.50% if the underlying closes above 60% of the initial strike, and auto-call at 75% of initial strike.
Proceeds will be used for hedging and financial product investments. The issuer, Hanwha Investment & Securities, holds an AA- credit rating and the bonds are unsecured and unlisted.
[AI Summary]This bond provides principal protection at maturity even in a severe market downturn, but early redemption may incur losses and liquidity is limited due to no exchange listing. The AA- issuer rating is solid, but the offering size is 3.3% of market cap adding leverage. Investors should fully understand the payoff structure before investing.