Kyobo Securities Issues 29.7B Won ELS (Linked to S&P500, High Risk)

Kyobo Securities issues 29.7 billion won ELS (Series 13501)
Underlying assets: S&P500, EUROSTOXX50, Nikkei225 indices
Maturity: February 28, 2029 (3 years), automatic early redemption every 6 months if all indices ≥ 70% of initial (coupon 4.30% p.a.)
Principal loss: if any index < 65% at maturity, loss based on worst performer (up to 100%)
High-risk derivative (Level 2), unlisted, not covered by deposit insurance
Issuer credit rating: AA- (Korea Ratings, NICE)
Minimum subscription: KRW 1 million; subscription period: Feb 27, 2026; payment date: Feb 27, 2026