Shinyoung Securities Issues KRW 19.9B ELS Linked to Samsung, Hyundai

Shinyoung Securities issues 'Plan-up Series 872 and 873 Equity-Linked Bonds (ELB)' totaling KRW 19.9 billion (KRW 9.95 billion each, 2 million shares) with subscription on May 22, 2026.
Series 872: Underlying Samsung Electronics common stock; pays monthly coupon of 0.60% (7.20% p.a.) if condition met; principal protected at maturity with conditional upside (max 21.60%).
Series 873: Underlyings Samsung Electronics and Hyundai Motor common stocks; pays 8.80% p.a. upon auto-call if both above 100%; at maturity, principal protected if either below 100%.
Issuer Shinyoung Securities rated AA-; unsecured, unlisted, not covered by depositor protection.
Early redemption at 90-95% of fair value may cause principal loss; issuance may be canceled if total subscription < KRW 1 billion; market disruption can delay valuation dates.

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