Kyobo Securities Issues KRW 10 Billion Principal-Protected ELB Linked to KB Financial

Kyobo Securities issues 10 billion KRW (10 million securities at KRW 10,000 each) of equity-linked derivative bonds (ELB) Series 12349
Underlying asset: KB Financial common stock; maturity: Feb 20, 2029 (3 years); unlisted
Automatic early redemption: if KB Financial price ≥ 95% of initial price, early redemption at 100% principal (up to 11 times)
Monthly coupon: 0.61% (7.32% p.a.) paid if KB Financial closing price ≥ 85% of initial price
Maturity redemption: 100% principal guaranteed regardless of underlying asset price
Issuer credit rating: Kyobo Securities AA- (by Korea Ratings and KIS, June 2025)
Subscription period: Feb 13, 2026; restricted to IBK Industrial Bank trust customers
Issuance may be canceled if total subscription is less than 100% of target (minimum KRW 300 million)
Early redemption possible but may incur principal loss; no exchange listing, so limited liquidity
Proceeds to be used for hedging and financial investments