Kyobo Securities Issues KRW 50bn Equity-Linked Bond (Principal Protected, Max 3.41% p.a.)

Kyobo Securities issues its 50230th equity-linked bond (ELB) worth KRW 50 billion. The underlying asset is KEPCO common stock, maturity on May 14, 2027 (1 year).
This principal-protected product pays 3.41% p.a. if the underlying price at maturity is at least 500% of the initial price, otherwise 3.40% p.a.
Issuer credit rating is AA- (by Korea Ratings and NICE Investors Service), unsecured and unguaranteed, not covered by depositor protection.
The bond is unlisted, limiting liquidity; early redemption upon investor request may result in principal loss.

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