NH Investment & Securities Issues 5 Billion Won ELS Linked to Samsung and SK Hynix
- Issuance of N2 Retirement Pension ELS No. 41 (3-year maturity) worth 50 billion won, 100,000 won per security, 50,000 securities
- Underlying assets: Samsung Electronics common stock, SK Hynix common stock (issued near 20-year highs)
- Product structure: partial principal protection, knock-in barrier 45%, autocall barrier 80% (semi-annual)
- Annual yield 13% (on autocall or maturity), maximum loss -20% (if knock-in occurs)
- Risk grade: 2 (high risk), sold exclusively to retirement pension (DC/IRP) accounts
- Issuer credit rating: AA+ (NICE, 2026.03.25)
- Unlisted securities, early redemption price at least 95% of fair value (90% within 6 months)
- Historical simulation shows 84.5% probability of first autocall, total loss probability 1.09%
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KOSPI Filing Information
- Filing: Prospectus (Shelf Registration)
- Company: NH Investment & Securities (005940)
- Submission: NH Investment & Securities Co., Ltd.
- Receipt: 04-27-2026