Meritz Securities said on the 17th it will launch a mobile trading system (MTS)-only equity-linked security (ELS) that uses KOSPI200 as a single underlying asset.
The newly launched 353rd and 355th Super ELS are both designed with a single-structure underlying asset, "KOSPI200." If the closing price of KOSPI200 on the maturity evaluation date exceeds the redemption threshold, early redemption is possible.
When conditions are met, the 353rd and 355th Super ELS pay a maximum annual 13.52% and 12.00%, respectively. The loss thresholds are set at 40% and 35%, respectively, and the maturity for both is three years. Investors are given a redemption opportunity every three months after subscription, allowing earlier achievement of early redemption.
Even if early redemption does not occur, if the closing price of the underlying asset on the maturity evaluation date is at or above the maturity threshold, or if the underlying asset has never fallen below the loss threshold during the investment period, investors can receive the total three years of interest and principal.
However, if the closing price of the underlying asset on the maturity evaluation date is below the maturity redemption threshold and the underlying asset has fallen below the loss threshold at any point during the investment period, a principal loss may occur, including the possibility of a total loss.
Meritz Securities also launched eight stock-type ELS that set Hyundai Motor, SK hynix, Palantir, and Micron as underlying assets, and six index-type ELS that use three among KOSPI200, Nikkei 225, S&P 500, and Euro Stoxx 50 as underlying assets.
In particular, for the 361st and 363rd products that use Palantir and Micron as underlying assets, the loss thresholds are set low at a minimum of 20% to a maximum of 25%, enhancing both investment stability and product appeal.
The minimum subscription amount for these 16 ELS products is 100,000 won, and the subscription deadline is by noon on Apr. 24.