Issuance of KRW 50bn Principal-Protected ELB Linked to Hyundai Motor, Monthly Coupon 0.7475%
- Hanwha Investment & Securities issues KRW 5bn Hanwha Smart ELB No.1077 linked to Hyundai Motor common stock (subscription 2026.05.08, maturity 2029.05.15, unlisted, principal-protected)
- Monthly coupon: 0.7475% of face value (8.97% p.a.) paid if underlying closes at or above 80% of initial price on each monthly observation date; otherwise none
- Auto-call: 11 observation dates (3-33 months); if underlying at or above 85% of initial, 100% early redemption (simulation: 87.52% probability of 1st call)
- Maturity: if underlying at or above 85% of initial, 100% redemption; if below, still 100% principal (principal guarantee)
- Issuer credit risk: not covered by depositor protection; Hanwha Investment & Securities credit rating AA- (NICE, 2025.12); ranks equally with unsecured debt
- Subscription limited to IBK Industrial Bank trust department; issuance may be cancelled if total subscriptions < KRW 1bn
- Early redemption at investor's request possible at 95% of fair value (90% within 6 months), may incur loss; unlisted, low liquidity
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KOSPI Filing Information
- Filing: Prospectus (Shelf Registration)
- Company: Hanwha Investment & Securities (003530)
- Submission: Hanwha Investment & Securities Co., Ltd.
- Receipt: 04-29-2026