The South Korean securities house will issue at least one equity-linked securities (ELS) with ESG underlyings every week after rolling out its first structure linked to the S&P 500 ESG.

The first Shinhan ESG play aimed at retail investors is a three-year non-principal protected note with a knockout and stepdown payoff – the product, which struck on 9 April and sold KRW368m (US$330,287), will pay a 112% return at maturity if the underlying is at or above 65% of its initial level, SRP data shows.    The Korean issuer marketed another one year S&P 500 ESG-linked ELS with 80% capital protection and 100% participation, but it was withdrawn during subscription.