Issuance of S&P500-linked Derivative Bond Worth 19.98 Billion Won
- Issuance of Shinyoung Securities Plan-Up 828th Derivative Bond (Equity-Linked, Normal Risk) linked to S&P500 index, with total offering of 19.98 billion won (issue price 9,990 won per 10,000 won face value, maturity May 12, 2027)
- Maturity redemption: if S&P500 closing is at least 500% of initial, pays 3.310% annual; otherwise 3.300% annual (the 500% threshold is extremely high, so nearly certain to receive 3.300%)
- Issuer credit rating AA- (stable); unsecured and unguaranteed bond; principal loss possible if issuer defaults
- Securities are not listed on exchange; early redemption possible at 95% of fair value (90% within 6 months) but may incur principal loss
- Proceeds used for hedging; issuance may be cancelled if total subscriptions under 3 billion won
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KOSPI Filing Information
- Filing: Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
- Company: Shinyoung Securities (001720)
- Submission: Shinyoung Securities Co., Ltd.
- Receipt: 04-29-2026