Shinyoung Securities Offers High-Risk ELS: Non-Principal-Protected, Potential Total Loss
- Shinyoung Securities publicly offers three ELS series (12745-12747) linked to KOSPI200/Samsung Electronics, Hyundai Motor/SK Hynix, and Hyundai Motor/KB Financial
- Series 12745 & 12746: non-principal-protected (very high risk), KRW 50bn each, 3-year maturity (2029), yields 13.00%/18.90% p.a.
- Series 12747: partial principal protection (high risk), KRW 20bn, 3-month maturity (Aug 2026), max loss capped at -10%
- Issuer credit rating: AA- (Korea Ratings & NICE, May 2025)
- Not covered by depositor protection; total loss possible; unlisted; early redemption may incur principal loss
- Historical simulation for series 12745/12746 shows early redemption probability of 96.6%/87.1%, but knock-in barrier at 35% may trigger principal loss
- For series 12747, simulation shows loss scenarios (-10% to 0%) with 65.8% frequency, indicating high loss probability
- Subscription period: May 18-22, 2026; minimum KRW 1mn, in units of KRW 100,000
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KOSPI Filing Information
- Filing: Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)
- Company: Shinyoung Securities (001720)
- Submission: Shinyoung Securities Co., Ltd.
- Receipt: 05-15-2026