NH-Securities-debuts-new-ELS-products
NH Investment & Securities has dropped four equity-linked security (ELS) products. Photo courtesy of NH Investment & Securities

Brokerage house offers four types of products

South Korea’s NH Investment & Securities said on April 28 that it has dropped four equity-linked security (ELS) products. Investors can subscribe to them by a p.m. on April 29, and the subscription amount is 43 billion won.

One of the products is called ELS 19502, of which underlying assets are S&P500, EuroStoxx50, and KOSPI200.

If the price level of the underlying assets does not fall below 80 percent at evaluation dates, investors will be able to enjoy an 8.3-percent pre-tax profit.

Otherwise, they might suffer losses.

The Seoul-based brokerage said that the other three products also have unique structures designed to draw investors.

Detailed information is available at its website or through the customer center, it said.

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.