Kyobo Securities Issues ELS Series 12493 Worth 5.44 Billion KRW (Partial Subscription)

Kyobo Securities issued the 12493rd series of ELS linked to KOSPI200 on May 14, 2026. Total planned subscription was 19.9 billion KRW but actual funding raised was only 5.44 billion KRW (27.3%), indicating partial subscription.
Issue price per bond: 9,950 KRW, face value 10,000 KRW. Maturity 3 years (May 16, 2029), unlisted, electronic registration.
Auto-call condition: Semi-annually, if underlying closes at or above 85% of initial strike. At maturity, regardless of performance (≥85% or <85%), 100% of principal is paid (principal-protected).
Monthly coupon: If underlying stays above 75% of initial on monthly observation dates, pay 0.435% of face value (annualized 5.22%).
No underwriting fees, issuance cost 271,970 KRW.

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