Prospectus for KRW 49.75bn Samsung Electronics-Linked Principal-Guaranteed ELB (Issuance No. 12486)

Kyobo Securities (credit rating AA-) issued the 12486th Equity-Linked Bond (ELB, ordinary risk) via public offering totaling KRW 4.975 billion (500,000 securities, issue price KRW 9,950 per security).
Underlying asset: Samsung Electronics common stock. Maturity: May 15, 2028. Non-listed security.
Monthly coupon condition: if Samsung Electronics closing price on each monthly evaluation date is at or above 85% of the initial strike price, a monthly coupon of 0.6325% (7.59% p.a.) is paid (up to 24 times).
Automatic early redemption: if any of 7 evaluation dates (condition: 100% of initial strike) is met, principal 100% is repaid. At maturity, principal 100% is guaranteed regardless of underlying price → no principal loss.
Maximum pre-tax return: 15.18% (if all coupons are received). Minimum return: 0% (principal only, no coupons).
Issuer credit rating: AA- (Korea Ratings, Korean Investors Service, as of June 2025). This security is not protected by the Depositor Protection Act.
Subscription period: May 11, 2026 (single day), minimum subscription KRW 1 million. Issuance may be cancelled if total subscription is below KRW 300 million.
Liquidity risk: unlisted, limited OTC trading; early redemption at 90% (within 6 months) or 95% (thereafter) of fair value may result in principal loss.

ADVERTISEMENT (250px+)