NH Investment & Securities Issuing ELS 11 Series Worth KRW 650bn (Non-Principal Guaranteed, High Complexity)

NH Investment & Securities (credit rating AA+) filed a shelf registration on May 4, 2026 to publicly offer 11 series of Equity-Linked Securities (ELS) from N2 ELS 280th to 290th, totaling KRW 65 billion, non-principal guaranteed.
Underlying assets include Samsung Electronics/SK Hynix common stock, S&P500/NIKKEI225/EuroStoxx50 indices, KOSPI200/S&P500/EuroStoxx50 indices, SK Hynix common stock, Palantir/Micron/Tesla individual stocks and indices, diversely composed.
All products are classified as 'highly complex financial instruments,' not covered by depositor protection, with potential loss exceeding 20% of principal and up to 100% loss of principal.
Terms vary by series: 3-year maturity, auto-call evaluations from 6 months to 2 years, knock-in barriers of 30%~45%, monthly coupon payment (280th series), etc.
Issuance expenses range from KRW 250,000 to KRW 500,000 per series; raised funds will be used for hedging (purchasing high-grade bonds, stock/derivatives trading) for stable redemption.
Unlisted securities with limited liquidity; early redemption at 95% or more of fair value (90%+ for first 6 months) may incur principal loss; conflict of interest exists as issuer is the calculation agent.

ADVERTISEMENT (250px+)