Kyobo Securities Issues KRW 19.9 Billion ELBs Linked to Samsung and Hyundai

Kyobo Securities publicly offers ELBs totaling KRW 19.9 billion (two tranches of KRW 9.95 billion each) linked to Samsung Electronics and Hyundai Motor.
Issue price per security: KRW 9,950, face value: KRW 10,000, maturity: June 5, 2029 (3 years).
Monthly coupon condition: if the underlying asset's closing price is at least 80% of the initial strike price, a monthly coupon of 0.75% (9.00% p.a. for Samsung) / 0.6925% (8.31% p.a. for Hyundai) is paid (up to 36 times).
Principal-protected type (100% principal repayment at maturity or upon automatic early redemption). Automatic early redemption condition: underlying price at or above 90% of initial strike (5 evaluation dates, first after 6 months).
Use of proceeds: hedging transactions in underlying assets and derivatives, and other financial investments.
Unlisted, not covered by depositor protection, issuer credit rating AA- (Korea Corporate Rating, Korea Ratings).

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