KRW 30bn ELB linked to Hyundai Motor (monthly 7.62%)
- Kyobo Securities decided to issue KRW 30 billion of 429th equity-linked derivative bonds (standard risk) with underlying Hyundai Motor common stock, maturity May 10, 2029, unlisted.
- Monthly coupon: 0.635% (7.62% p.a.) if underlying closes at 85% or above initial price, up to 36 payments.
- Automatic early redemption: semi-annual evaluation, principal repaid if underlying at or above 100% of initial price.
- Principal fully protected at maturity regardless of underlying performance. However, early redemption may incur loss (at least 95% of fair value, 90% within first 6 months).
- Issuer credit rating AA- (Korea Ratings, NICE, June 2025). Not covered by deposit insurance; risk of principal loss.
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KOSPI Filing Information
- Filing: Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
- Company: Kyobo Securities (030610)
- Submission: Kyobo Securities Co., Ltd.
- Receipt: 04-28-2026