Kyobo Securities Issue of ELS No.13501 (High-risk) W29.7bn
Kyobo Securities issues ELS No. 13501 (high-risk) worth W29.7bn, linked to S&P500, EuroStoxx50, Nikkei225 (issue price W9,900, face value W10,000, 3,000,000 securities)
3-year maturity (2029.02.28), 5 automatic early redemption dates starting from 6 months (all indices ≥70%: 4.30% p.a.), at maturity: if all ≥65%: 12.90% return, otherwise principal loss up to 100%
Designated as high-complexity product (potential loss >20% of principal), unlisted, early redemption may incur loss, issuer credit rating AA-
Issuance may be cancelled if total subscription <W500mn, mandatory cooling-off and recording for retail investors