KIWOOM Securities Issues 18.9 Billion Won Derivative-Linked Bond Tied to Samsung Electronics (Annual Coupon 5.19%)

KIWOOM Securities issued the 1176th series derivative-linked bond (equity-linked) based on Samsung Electronics common stock, raising 18.905 billion won (total offering amount 19.9 billion won). Each bond has a face value of 10,000 won, issued at 9,950 won (discount), with actual funds raised of 18.905 billion won.
The bond has a 3-year maturity (May 2, 2029) with semi-annual early redemption evaluation: if the underlying asset's closing price is at least 80% of the initial strike price, the principal is fully redeemed on the relevant redemption date.
Monthly coupon payment condition: if the underlying asset's closing price is at least 65% of the initial strike price, a monthly coupon of 0.4325% (annual 5.19%) is paid in cash. Monthly evaluation occurs over 36 cycles.
At maturity, if the underlying asset price is at least 80% of the initial strike price, the principal is fully repaid; even if below 80%, principal is still fully repaid (principal-protected structure).
The bonds are unlisted and issued via electronic registration. The offering is conducted directly without underwriting. The issuance may be canceled if total subscription amounts are less than 1 billion won.
Proceeds will be used for hedging transactions including derivatives, managed under internal control systems.

ADVERTISEMENT (250px+)