Kiwoom Securities issues 2.574 billion won ELN, significantly below planned 9.9 billion

Issuance of Kiwoom Securities 3953rd ELN: planned total 9.9 billion KRW, actual raised 2.574 billion KRW (260,000 securities at 9,900 won each)
Underlying assets: KOSPI200, S&P500, EuroStoxx50; Grade 2 high risk, unlisted, classified as high-difficulty financial investment product
Auto early redemption triggers: 1st at 80%, 2nd-4th at 75%, 5th at 70% of initial price (yields 6%–30%)
Maturity: if all underlying above 60% → 136% repayment; if any below 60% → potential principal loss (based on worst performer)
Proceeds used for hedging; issuance cost 128,700 won

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