Shinyoung Securities Issues 2 Billion Won Samsung Electronics-linked ELB with Fixed 3.5% Return

Shinyoung Securities decided to issue 2 billion won (face value 10,000 won per unit, 200,000 units) of Samsung Electronics common stock-linked derivative bond (ELB, low risk) for hedging purposes.
Maturity 1 year (April 29, 2027), pre-tax fixed return of 3.50%~3.51% per annum. If the final valuation price is 999% or more of the initial strike, 3.51% p.a.; otherwise 3.50% p.a. Principal plus interest paid at maturity.
Underlying asset: Samsung Electronics common stock; initial strike set on April 29, 2026 closing price.
Bonds are not listed; investors may request early redemption, but early redemption before 1 year applies a rate of 2.50% p.a. (3.50% minus 1%), potentially resulting in principal loss.
Issuer credit rating: AA- (stable, as of May 14, 2025). Unsecured bond, relying on issuer's ability to pay, not covered by depositor protection.
Minimum subscription: 1 million won; subscription period: April 29, 2026 (one day). Issuance may be cancelled if total subscription < 500 million won.

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