Shinyoung Securities Files Supplementary Shelf Registration for 14 Equity-Linked Securities


  • Shinyoung Securities (AA-/Stable) filed a supplementary shelf registration on 2026.05.08 with the FSC for 14 equity-linked bonds (ELBs) linked to KOSPI200, Samsung Electronics, Hyundai Motor, and NAVER (issues 844~857).
  • Total planned issuance amount: KRW 4.5 trillion; actual issuance so far KRW 2.99 trillion; remaining KRW 1.51 trillion. Each issue size: KRW 49.75 billion or about USD 9.95~9.98 million.
  • Most issues are 'normal risk'; issues 853, 856, 857 are 'somewhat high risk' (USD-denominated quanto structure with additional FX risk). Underlying volatility: 43%~68%.
  • Auto-call conditions: 75%~85% of initial price (varying by issue). Annual returns: 4.55%~15.75% (issues 844~845), etc. Principal-protected at maturity (no knock-in).
  • Not covered by deposit insurance; unsecured and unguaranteed. Issuer credit rating AA-/Stable. Possible loss of principal (early redemption, issuer default, etc.).
  • Not listed; early redemption at 95%+ of fair value (90%+ within 6 months). Early redemption may incur costs and principal loss.
  • Underlying asset: Samsung Electronics announced a stock cancellation decision on 2026.03.31 and filed multiple share buyback/disposal reports.
  • Issuer's outstanding derivatives-linked securities/bonds: approx. KRW 19.99 trillion (as of 2026.04.30). No counterparty with credit conversion amount exceeding 5% of capital.
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KOSPI Filing Information


  • Filing: Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
  • Company: Shinyoung Securities (001720)
  • Submission: Shinyoung Securities Co., Ltd.
  • Receipt: 05-08-2026