Meritz Securities stock expands online ELS offering ahead of deadline

Meritz Securities announced on Thursday, October 29, that it will launch 14 online-only equity-linked securities through its mobile trading system. The Seoul Economic Daily reported that subscriptions will close at noon on November 6.

The new range includes six stock-linked products and seven index-linked products alongside a flagship issue based on the KOSPI 200, Japan's Nikkei 225 and the S&P 500. The minimum investment is 100,000 Korean won, and corporate accounts are now eligible after online subscriptions had previously been limited to individuals.

Structured Products Add New Risks

Meritz Super ELS No. 700 has a three-year maturity and offers early redemption reviews every four months. Its stated annual return can reach 11.61 percent if the agreed conditions are met.

The product is not principal-protected. If one underlying asset falls below 35 percent of its initial reference price and the maturity conditions are not satisfied, investors may lose part or all of their principal. Monthly-payout and lizard structures add different payment and early-redemption features, making the individual terms material for investors.

Read the full report in Seoul Economic Daily.

Brokerage And Capital Markets Focus

Meritz Securities operates as a South Korean brokerage serving retail and corporate investors through stock and index-linked products, mobile trading, research and capital-markets services. Its current product push places it in the Korean securities market alongside firms such as Mirae Asset Securities and Kiwoom Securities, with Meritz emphasizing structured products and mobile distribution.