Kyobo Securities Decides to Issue 30 Billion Won 429th Equity-Linked Derivative Bond

Kyobo Securities decides to issue its 429th equity-linked derivative bond (common risk) worth 3 billion won, with face value of 10,000 won and 300,000 securities.
Underlying asset: Hyundai Motor common stock. Monthly coupon (annual 7.62%, monthly 0.635%) paid if closing price on evaluation date is at least 85% of initial reference price.
Automatic early redemption: Evaluated semi-annually (1st to 5th), if underlying price is at least 100% of initial reference price, principal is repaid at 100% (no further coupons).
Maturity redemption: Principal-protected; regardless of performance barrier, 100% of face value is paid. Maximum return 22.86% (pre-tax) if all 36 coupons are received.
Issuer credit rating AA- (Korea Ratings and NICE, June 2025), unlisted, not covered by depositor protection.
Issuance may be cancelled if total subscription amount is less than 300 million won.
Issuance expenses: 150,000 won; net proceeds approximately 2,999.85 million won.
Early redemption possible but may incur principal loss; repurchased at least 90% of fair value for first 6 months, then at least 95%.

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