Issuance of 2 Types of ELS Worth KRW 9.93 Billion (Underlying: Samsung Electronics, SK Hynix)

Kyobo Securities filed a prospectus on April 28, 2026, for the issuance of two types of equity-linked securities (ELS) totaling KRW 9.93 billion (each KRW 4.965 billion).
Series 13585 (single underlying): linked to Samsung Electronics common stock, maturity May 16, 2029 (3 years), monthly coupon 0.96% (11.52% p.a.), auto-call at 90%, at maturity if underlying <75% of initial, 90% principal paid (max loss 10%).
Series 13586 (dual underlying): linked to Samsung Electronics and SK Hynix common stocks, same maturity, monthly coupon 1.1825% (14.19% p.a.), auto-call at 90%, at maturity if any underlying <75% of initial, 90% principal paid (max loss 10%).
Both securities are unlisted, not protected by depositor protection law, unsecured and unguaranteed, based on Kyobo's credit rating of AA- (as of June 2025).
Subscription period is only May 14, 2026, minimum subscription KRW 1 million, issuance may be cancelled if total subscription is less than KRW 500 million.
Risks include market disruption, early termination, and potential principal loss upon early redemption; cooling-off period applies (age 65+ etc.).

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