NH Investment & Securities Public Offering of Two Retirement Pension ELS (High-Difficulty, Partial Principal Guarantee)


  • NH Investment & Securities issues N2 Retirement Pension ELS Series 45 (KRW 5 billion) and Series 46 (KRW 3 billion) for DC/IRP accounts
  • Series 45: linked to KOSPI200/S&P500/EuroStoxx50, risk grade 2 (high risk), max loss 40%, pre-tax annual 7.6% return
  • Series 46: linked to SK Hynix/Micron Technology, risk grade 1 (very high risk), max loss 40%, pre-tax annual 15.5% return
  • Both are high-difficulty financial investment products, not covered by depositor protection, unlisted, possible principal loss upon early redemption
  • Issuer credit rating AA+ (Korea Corporate Rating, 2026.03.25)
  • Subscription period 2026.05.06~05.12, maturity 2029.05.11
  • Underlying SK Hynix disclosed stock cancellation and cash dividend decisions on 2026.01.28 (shareholder return)
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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