Additional Issuance of ELBs Linked to S&P500 and KOSPI200 Worth KRW 19.94 Billion
- Hanwha Investment & Securities issues two ELBs via additional shelf filing: No.1071 (linked to S&P500, KRW 9.99B, 1-year, pre-tax 3.30%~3.31% p.a.) and No.1072 (linked to KOSPI200, KRW 9.95B, 3-year, automatic early redemption up to 11.375% or 13.65% at maturity if 80% barrier met, otherwise principal only).
- Subscription: May 13, 2026 (same day for subscription, payment, allocation); minimum KRW 1M; issuance may be canceled if total subscription < KRW 1B.
- Issuer credit rating AA- (NICE, Dec 2025); not covered by depositor protection; unlisted, limited liquidity.
- Early redemption at 95% (or 90% within 6 months) of fair value, potential principal loss.
- Issuer acts as calculation agent and conducts hedging, creating potential conflicts of interest; terms may be adjusted or terminated early due to market disruption.
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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: 04-29-2026