Hyundai Motor Securities Issues KRW 5bn ELS Linked to Tesla & Palantir (Non-Principal Protected, Very High Risk)
- Hyundai Motor Securities issues ELS linked to Tesla (TSLA) and Palantir (PLTR) worth KRW 50 billion (total shelf balance KRW 1.465 trillion)
- Face value per security: KRW 10,000; minimum subscription: KRW 1 million; 3-year maturity (Feb 19, 2029); unlisted; cash settlement
- Auto-call conditions: 1st~2nd: 75%, 3rd~4th: 70%, 5th: 65% of initial price; yield 10.1% p.a. (pre-tax)
- Redemption at maturity: 30.3% (10.1% p.a.) if all underlying ≥60% or no Knock-In (15% barrier); if Knock-In triggered, principal loss up to -100%
- Underlying volatility: TSLA 62.86%, PLTR 60.83%, correlation 0.4243
- Issuer credit rating: AA- (Korea Rating, KIS, NICE) as of 2025
- High-difficulty financial product; not covered by deposit insurance; potential loss exceeding 20% of principal; early redemption may incur loss
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KOSPI Filing Information
- Filing: Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)
- Company: Hyundai Motor Securities (001500)
- Submission: Hyundai Motor Securities
- Receipt: 02-03-2026