Samsung Securities Issues Two High-Risk ELS (30769, 30770) - Max Loss 100%, Credit Rating AA+
- Samsung Securities issues two non-principal-protected ELS (Series 30769 & 30770) linked to EUROSTOXX50, NKY225, S&P500, total KRW 19.8 billion.
- Each tranche KRW 9.9 billion, issue price KRW 9,900 per security, 3-year maturity, unlisted.
- Issuer credit rating AA+ (NICE, Jan 23, 2026); not covered by deposit insurance; maximum principal loss 100% (high-difficulty financial product).
- 30769: Auto-call barriers step down from 85% to 70%, final knock-in at 65%, coupon 7.7% p.a.
- 30770: Auto-call barriers step down from 85% to 70%, final knock-in at 55%, coupon 7.6% p.a.
- Historical simulation (4,862 cases) shows ~88.34% probability of early redemption (positive return); loss scenarios range from -35% to -100%.
- Purpose: hedge transactions and funding for financial investments.
- Subscription: Feb 26-27, 2026, for Woori Bank trust clients, minimum KRW 1 million, mandatory reflection period.
- Unlisted, limited liquidity; early redemption may incur principal loss; issuance may be cancelled if subscriptions < KRW 1 billion.
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KOSPI Filing Information
- Filing: Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)
- Company: Samsung Securities (016360)
- Submission: Samsung Securities Co., Ltd.
- Receipt: 02-04-2026