NH Investment & Securities Files for N2 Retirement Pension ELS Series 44 Issuance


  • NH Investment & Securities filed additional shelf registration for N2 Retirement Pension ELS Series 44 (principal partial protection, high risk grade 2)
  • Underlying assets: Samsung Electronics common stock, Hyundai Motor common stock (near 20-year highs)
  • Maximum offering amount: KRW 50 billion, KRW 100,000 per security, 3-year maturity (May 11, 2029)
  • Auto early redemption: 1st-4th evaluation at ≥75% of initial price, 5th at ≥70%, annual yield 9.2%
  • Maturity: if knock-in barrier (50%) breached, 20% principal loss; otherwise 27.6% total return (9.2% p.a.)
  • Issuer credit rating: AA+ (Korea Investors Service, Mar 2026)
  • Subscription: only for NH's DC/IRP retirement account holders, min. KRW 100,000, offering may be cancelled if total subscription < KRW 1 billion
  • Unlisted; early redemption possible at ≥95% (≥90% within 6 months) of fair value, with potential principal loss
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KOSPI Filing Information


  • Filing: Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)
  • Company: NH Investment & Securities (005940)
  • Submission: NH Investment & Securities Co., Ltd.
  • Receipt: 05-04-2026