Kyobo Securities Issues ELB of KRW 99.5 Million (Samsung Electronics Issue Aborted, Only SK Hynix Issue Subscribed)

Kyobo Securities submitted a securities issuance report on May 8, 2026 for the issuance of Equity-Linked Bonds (ELB) based on Samsung Electronics (Issue 12451) and SK Hynix (Issue 12452).
Actual funding: Issue 12451 (Samsung Electronics) raised KRW 0, Issue 12452 (SK Hynix) raised KRW 99,500,000, fully paid.
Face value per bond: KRW 10,000; issue price: KRW 9,950; planned issuance of 1,000,000 bonds each, but only 10,000 bonds of Issue 12452 were actually issued.
Both issues are unlisted, mature on May 10, 2029, and issued via electronic registration.
Automatic early redemption: If the underlying asset price is at least 90% of the initial price on an observation date, the bonds are redeemed at 100% of face value (up to 5 times).
Monthly coupon: Conditional on the underlying price being at least 90% of initial, paid at 0.59% (Issue 12451) or 0.6775% (Issue 12452) of face value per month (total 36 payments).
Maturity redemption: Regardless of the underlying price, bonds are redeemed at 100% of face value (principal protection).
Issuance may be cancelled if total subscriptions amount to less than KRW 300 million.
Fair value (as of April 13, 2026, excluding hedging costs): Issue 12451: KRW 9,879.85; Issue 12452: KRW 9,869.64.

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