Kiwoom Securities to Issue KRW 10bn in Principal-Guaranteed ELBs (2 Series)

On May 21, 2026, Kiwoom Securities decided to issue two series of principal-guaranteed Equity-Linked Bonds (ELBs): Series 1189 linked to Samsung Electronics common stock and Series 1190 linked to Hyundai Motor common stock, each worth KRW 50 billion (total KRW 100 billion).
Each bond has an issue price of KRW 10,000 per unit and guarantees 100% principal repayment at maturity. Monthly coupon payments of 7.11% p.a. (Series 1189) and 8.10% p.a. (Series 1190) are paid if the underlying stock's closing price stays above 70% of the initial strike price.
Automatic early redemption occurs if the underlying stock price is at or above 85% of the initial strike price on any evaluation date, repaying 100% principal; if not triggered by maturity, full principal is repaid.
The proceeds will be used for hedging and investment in financial products. The issuer's credit rating is AA (by Korea Ratings, NICE, and KIS).
These bonds are non-listed. Early redemption upon investor request is possible at a price of at least 95% of fair value (90% within 6 months of issuance), but principal loss may occur.

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