Samsung Securities Completes Issuance of 3 ELS for KRW 1.2B

Samsung Securities issued 3 series (2825~2827) of equity-linked bonds linked to KT stock, raising total KRW 1.202 billion (far below the stated KRW 45 billion)
Series 2825: KRW 372.21M, face value KRW 37,221, 10,000 units; Series 2826: KRW 2M, face value KRW 200; Series 2827: KRW 828M, face value KRW 82,800
Underlying: KT common stock; strike price: 300% of initial reference price
Redemption: if final price ≥ strike, pay 100.71% (2825), 101.46% (2826), 103.01% (2827) of face; if < strike, pay 100.70%, 101.45%, 103.00% — very small difference
Proceeds to be used for hedging via derivatives
Direct placement, unlisted, issuance cost KRW 60,110

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