An NH Investment & Securities model introduces its Twin-Win ELS product. Courtesy of NH Investment & Securities

Korea’s NH Investment & Securities said this week that it has come up with an equity-linked security (ELS) product, which invests in top foreign high-tech giants.

NH Investment said that it will sell the product, dubbed “Twin-Win ELS,” through 1 p.m. Wednesday until the subscription amount reaches 10 billion won.

Customers can buy the product of which underlying assets are shares of Apple, Facebook, and Netflix. The minimum purchase amount is 1 million won. Its maturity is 24 months.

If the share prices more than double, clients will be able to get the profits. In case the prices do not more than halve during the two-year period, they will pocket substantial incomes.

If the prices fall below the 50 percent line of the initial values, however, they would suffer losses.

According to Investopedia, an ELS is a debt instrument with variable payments linked to an equity market benchmark. They are offered to investors so the issuer can raise capital.

At a time when the global stock market fluctuates, our company’s Twin-Win ELS would be attractive to investors because they can expect good profits,” an NH Securities official said.

NH Investment was launched in 2006 when Sejong Securities was incorporated into the National Agricultural Cooperate Federation, otherwise known as Nonghyup.

Currently, CEO Jeong Young-chae heads the Seoul-based brokerage whose largest shareholder is NH Financial Group. Its stake is 76.09 percent.