Hanwha Investment Securities Issues 3 ELBs Linked to KOSPI200 and Samsung Electronics (Total 49.75 Billion Won)


  • Hanwha Investment Securities (credit rating AA-) publicly offers 3 equity-linked bonds (ELB) totaling 49.75 billion won on February 23, 2026
  • No. 969 (KOSPI200, 14.925 billion won): 3-year maturity, auto-call barrier 90%, annual yield 4.80% (pre-tax), principal protection (knock-out barrier 90%)
  • No. 970 (Samsung Electronics, 14.925 billion won): 3-year maturity, auto-call barrier 85%, annual yield 5.15%, principal protection (knock-out barrier 85%)
  • No. 971 (Samsung Electronics, 19.9 billion won): 3-year maturity, monthly coupon (barrier 80%, 0.50% per month), auto-call barrier 90%, max annual yield 6.00%, principal protection (knock-out barrier 90%)
  • All issues are unlisted, not covered by deposit insurance, subject to issuer credit risk
  • Hanwha's cumulative public ELB issuance in 2025: 959.6 billion won, outstanding 773.9 billion won
  • Total derivative exposure (credit equivalent amount as of Sep 2025): 944.4 billion won, of which other derivatives 800 billion won
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KOSPI Filing Information


  • Filing: Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
  • Company: Hanwha Investment & Securities (003530)
  • Submission: Hanwha Investment & Securities Co., Ltd.
  • Receipt: 02-04-2026