Kiwoom Securities to Issue ELS Worth KRW 117.18 Billion Across 13 Series

Kiwoom Securities (credit rating AA-) filed a prospectus on Feb 4, 2026 for 13 series of equity-linked securities (ELS) totaling KRW 117.18 billion (series 3833-3845).
All series are non-principal protected (high risk); underlying assets are mainly overseas indices (S&P500, Nikkei225, EuroStoxx50, HSCEI) and domestic KOSPI200.
Series 3845 is USD-denominated (USD 5 million) and rated as very high risk (Grade 1); the rest are high risk (Grade 2).
Structure: 3-year maturity, includes automatic early redemption conditions, knock-in barrier at 35%-45% levels.
Maximum annual return 9.5%-13.3% (pre-tax), but potential 100% principal loss if underlying assets plummet.
Issuer credit rating AA- (as of June 30, 2025) is sound.

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