Samsung Securities issues KRW 19.8bn non-principal protected ELS (high-difficulty, max loss 100%)
- Issuance of Samsung Securities 31004th ELS: Total offering KRW 19.8bn, issue price per security KRW 9,900, maturity May 10, 2029 (3 years).
- Underlying assets: KOSPI200, EUROSTOXX50, S&P500. Autocall condition: if each index is at least 65% of initial price every 6 months, early redemption occurs (annualized yield approx. 7.2%). At maturity, if indices are at least 55%, pay principal +21.6%; if any falls below, potential total loss of principal.
- Classified as high-difficulty financial product (Grade 2 high risk), mandatory reflection period for retail investors, not covered by deposit insurance, unlisted with limited liquidity.
- Historical simulation (2003-2026) shows autocall probability of 98.66% (first autocall 98.66%, second 0.88%, etc.).
- Issuer credit rating AA+ (NICE, Jan 2026), cancellation condition: if total subscriptions fall below KRW 1bn.
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KOSPI Filing Information
- Filing: Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)
- Company: Samsung Securities (016360)
- Submission: Samsung Securities Co., Ltd.
- Receipt: 05-08-2026