Kyobo Securities Issues 100 Billion Won ELS Linked to Samsung and SK Hynix
- Kyobo Securities issues 100 billion won of the 12496th ELS (normal risk) linked to Samsung Electronics and SK Hynix (10,000 won per security, 1,000,000 securities total).
- Monthly coupon: if both underlying close above 70% of initial price, pay 0.805% per month (9.66% p.a.), up to 36 payments.
- Principal: automatic early redemption at 85% barrier on 11 semi-annual dates (100% of principal); at maturity, even if below 85%, principal of 100% is paid (principal-guaranteed).
- Issuer credit rating: AA- (Korea Ratings 2025.06.16, KIS 2025.06.17).
- Risks: not deposit-insured, unlisted, early redemption may cause loss (≥90% of fair value within 6 months, ≥95% thereafter).
- Minimum subscription: 1 million won; issuance may be cancelled if total subscription <300 million won. Issue date 2026.05.14, maturity 2029.05.17.
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KOSPI Filing Information
- Filing: Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
- Company: Kyobo Securities (030610)
- Submission: Kyobo Securities Co., Ltd.
- Receipt: 05-07-2026