Seoul-based brokerage house attracts investors
South Korea’s NH Investment & Securities said on March 3 that it has released two equity-linked security (ELS) products. Investors can subscribe to the two products through 1 p.m. on March 4, and the subscription amount is 25 billion won. One of the products is named ELS 19271, of which underlying assets are such indexes of HSCEI, EuroStoxx50, and Nikkei225. If the three indexes have halved in values over the next three years and its final values are higher than 75 percent of the current ones, investors will get annual yields of 4.5 percent.Otherwise, they might suffer losses in their investment.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.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.이 기사를 공유합니다
Tim Kim
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