Public Offering of 2 High-Difficulty ELS (3-Year Maturity) - 9.9 Bil. Won Each, Unprotected Principal with Max 100% Loss
- Hanwha Investment & Securities has filed a supplementary prospectus for a public offering of two ELS series (No. 8289 and No. 8290). Each series amounts to 9.9 billion won, totaling 19.8 billion won. Issuance date: 2026.05.13, maturity: 2029.05.16 (3 years). High-difficulty financial products (principal unprotected).
- Series 8289: Underlying assets KOSPI200, S&P500, EuroStoxx50 (3 indices). Auto-call structure with annual coupon of 10.20%. At maturity, 130.60% redemption if all indices ≥60% of initial; if any <60%, principal loss (up to 100%).
- Series 8290: Underlying assets S&P500, NIKKEI225, EuroStoxx50. Monthly coupon (0.6675% per month, 8.01% p.a.) if each index ≥60% on monthly observation dates. Auto-call conditions (1st call: 85%, 2nd-3rd: 80%, 4th: 75%, 5th: 70%). At maturity, 100% principal plus last monthly coupon if all indices ≥55%; if any <55%, principal loss proportional to worst performer (up to 100%).
- Theoretical prices: Series 8289: 9,716.15 won, Series 8290: 9,579.38 won (based on face value 10,000 won). Issue price: 9,900 won.
- Issuer credit rating: AA- (NICE, as of 2025.12.05). Not covered by deposit insurance; potential for principal loss. Issuance may be canceled if total subscription amount is less than 1 billion won.
- As of end-2025, ELS outstanding balance: 4.694 trillion won, DLS outstanding balance: 106 billion won. Derivative-related credit equivalent amount: 681.2 billion won.
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KOSPI Filing Information
- Filing: Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)
- Company: Hanwha Investment & Securities (003530)
- Submission: Hanwha Investment & Securities Co., Ltd.
- Receipt: 04-29-2026