Shinyoung Securities Issues USD 10M ELB Linked to Samsung Electronics (96-day, 4.0% p.a.)

Shinyoung Securities issues USD 10M (approx. KRW 14.7bn) Equity-Linked Derivative Bond (ELB) linked to Samsung Electronics common stock. Maturity: Aug 12, 2026 (96 days).
Principal protected at maturity: pays 4.01% p.a. if final price >= 500% of initial, otherwise 4.00% p.a. Simulation shows 99.9% probability of 4.00% return.
Issuer credit rating AA- (Stable, by KIS and NICE, as of 2025.05.14). Unsecured, not covered by depositor protection.
Denominated in USD, subject to FX risk. Not listed on exchange. Early redemption at ≥95% of fair value (≥90% within first 6 months).
Underlying Samsung Electronics recent disclosures: stock cancellation decision on 2026.03.31, plus multiple self-acquisition reports showing active share buyback and cancellation.

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