Kyobo Securities ELS Issuance Report: Only 7% of Target Raised Due to Low Demand

Kyobo Securities issued the 13573th high-difficulty derivative-linked securities (ELS) underlying KOSPI200, S&P500, and EUROSTOXX50, but actual fundraising was only USD 1,427,580 (7.2% of the target), indicating very low subscription.
Issue price per security is USD 990, face value USD 1,000, maturity May 10, 2029; auto early redemption conditions: 1st-4th at 75% or above, 5th at 70% or above; maturity redemption: if all ≥60%, pay 133.90%, otherwise principal loss possible.
This security is a high-difficulty financial investment product with potential principal loss exceeding 20%, unlisted, and denominated in foreign currency (USD).
Proceeds will be used for hedging via derivatives and equity trading related to underlying assets.

ADVERTISEMENT (250px+)