KRW 19.98 Billion S&P500-Linked Derivative Bond Issuance, Conditional Maturity Yield of 3.3% p.a.

Shinyoung Securities is publicly offering KRW 19.98 billion of equity-linked derivative bonds (ELB) linked to the S&P500 index.
Maturity redemption conditions: If the final valuation price is at least 500% of the initial strike price, a yield of 3.310% p.a. is paid; otherwise, 3.300% p.a.
The bonds are not listed, thus liquidity is limited; early redemption upon investor request may result in principal loss (early redemption price at 90-95% of fair value).
The issuer, Shinyoung Securities, has a credit rating of AA- (by Korea Ratings and NICE Investors Service as of May 14, 2025). As these are unsecured and unguaranteed bonds, principal loss may occur depending on the issuer's solvency.
If total subscription amount falls below KRW 3 billion, the issuance may be cancelled, and subscription deposits will be returned without interest.
Over the past 23 years, the S&P500 index reached a high of 7,173.91 (Apr 27, 2026) and a low of 676.53 (Mar 9, 2009).
Proceeds from the issuance will be used for hedging transactions.

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