Hanwha Smart ELB No.972: KRW 9.95 Billion Public Offering


  • Hanwha Investment & Securities offers ELB No.972 linked to KOSPI200: Issue amount KRW 9.95 billion, unit price KRW 9,950, maturity 2029.2.27
  • Early redemption conditions: every 6 months, if underlying >= 90% of initial → step-up: 1st 102.40%, 2nd 104.80%, …, 5th 112%, maturity 114.40% (if >=90%), else 100% principal
  • Historical simulation (2002-2023): 84.27% probability of 1st early redemption, 1.02% probability of zero return (principal only)
  • Non-listed, possible principal loss upon early redemption, issuer credit rating AA-
  • Issuance may be canceled if total subscription < KRW 1 billion
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KOSPI Filing Information


  • Filing: Prospectus (Shelf Registration)
  • Company: Hanwha Investment & Securities (003530)
  • Submission: Hanwha Investment & Securities Co., Ltd.
  • Receipt: 02-04-2026