Hanwha Investment & Securities Issues 3 Principal-Protected ELBs (Underlying: Tesla, SK Hynix, Micron)
- Hanwha Investment & Securities offers three Equity-Linked Bonds (ELB No. 133, 134, 135) under a shelf registration, totaling 150 billion KRW.
- No. 133 (Tesla, 6-month maturity): Knock-in at 130%; pays max 30% return (50% participation in price rise) or principal only if knock-in occurs.
- No. 134 (SK Hynix, 3-year maturity): Monthly conditional coupon (13.80% p.a.) and auto-call (95% barrier); principal fully protected at maturity.
- No. 135 (Micron, 6-month maturity): Knock-in at 140%; pays max 40% return (50% participation in price rise) or principal only if knock-in occurs.
- Each tranche: 50 billion KRW, minimum subscription 100,000 KRW (in 10,000 KRW increments), subscription period 2026.05.11~05.13 via online (WTS) only.
- These ELBs are not covered by deposit insurance, unlisted, illiquid, and may incur losses upon early redemption.
- Issuer credit rating AA- (NICE, as of 2025.12.05); net proceeds after issuance costs of 25 million KRW (250,000 per tranche) will be used for hedging etc.
- Total issued under the existing shelf (filed 2025.12.12) reaches 2,384.5 billion KRW against a planned 2.5 trillion KRW, leaving 115.4 billion KRW remaining.
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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: 05-08-2026