Hanwha Investment & Securities to Issue Global ELB 1082 Linked to KOSPI200 and Hyundai Motor (USD 5mn)
- Hanwha Investment & Securities publicly offers 'Hanwha Global ELB 1082 (Equity-Linked Bond)' linked to KOSPI200 index and Hyundai Motor common stock, totaling USD 5,000,000
- Face value/issue price per bond: USD 1,000; maturity: November 18, 2027; unlisted; USD cash settlement; issuer credit rating AA- (NICE)
- Principal-protected (100% repayment if underlying assets close below 101% of initial strike at maturity); auto-call features offer up to 10.20% p.a. (pre-tax) if triggered at semi-annual observation dates
- Subscription period: May 6-12, 2026; minimum subscription USD 1,000; issuance may be canceled if total subscriptions < USD 1,000,000
- Underlying volatilities: KOSPI200 45.71%, Hyundai Motor 65.65%; correlation coefficient 0.6352
- Not covered by depositor protection; currency risk if converting KRW; early redemption at 95%+ of fair value (90%+ within 6 months) with potential loss
- Issuer acts as calculation agent, creating potential conflicts of interest; commits to act in good faith and with due care
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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: 05-04-2026