Kyobo Securities Issues Small-Scale ELD (Linked to KOSPI200, Principal Protected)

Kyobo Securities issued its 12495th equity-linked derivative bond (low risk): actual financing of KRW 64,675,000 (significantly reduced from planned KRW 4.975 billion).
Underlying asset: KOSPI200 index. Issue price per security: KRW 9,950, face value KRW 10,000, 6,500 securities issued.
Automatic early redemption condition: if underlying price >= 95% of initial strike on any observation date, early redemption occurs (up to 116.875% return). If not triggered, maturity: if final price >= 95%, pay 120.25%; else pay 100% (principal protected).
Issuance costs KRW 3,230; proceeds used for hedging.
Overall, the small issuance has negligible impact on Kyobo Securities' finances. (Neutral)

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