NH Investment & Securities Reports Issuance Results for Two ELS - No.45 Cancelled, No.46 Partially Subscribed | NH Investment & Securities(005940)

N2 Retirement Pension ELS No.45 was cancelled due to insufficient subscriptions (planned 5 billion won, actual 0 won).
N2 Retirement Pension ELS No.46 issued 499.2 million won (100,000 shares at 4,992 won per share) out of planned 3 billion won, a subscription rate of 16.64%.
No.45 early redemption conditions: 1st-3rd at >=80%, 4th-5th at >=75%. Redemption rates: 1st 103.8% → 5th 119.0%. Maturity: >=65% pays 122.8%; if any asset falls below 45% during period, principal loss (-35% to -40%).
No.46 early redemption conditions: 1st-3rd at >=75%, 4th-5th at >=70%. Redemption rates: 1st 107.75% → 5th 138.75%. Maturity: >=60% pays 146.5%; if any asset falls below 35%, principal loss (max -40%).
Proceeds will be used for hedging transactions (futures, options, stocks related to underlying assets).

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