HSI 1.25x Leveraged Index linked autocalls were sold actively by a local distributor in South Korea, which raised almost US$30 million in a one-month period.

The sales volume reached by 14 products tracking the leveraged index came in at KRW32.8 billion (US$27.5 million), according to SRP data. All products were distributed in South Korea by Shinhan Investment. The structured products, sold as equity-linked securities (ELS) in the country, are the typical autocallables widely bought by retail investors in South Korea. They have a mix of payoff structure that mainly includes worst of option, protected tracker and knock out, while tracking a basket of

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