KIWOOM Securities Issues 39.8 Billion Won in Principal-Guaranteed ELBs Linked to Samsung and SK Hynix
KIWOOM Securities will issue the 1161st and 1162nd series of equity-linked securities ELBs totaling 39.8 billion won, with subscriptions on April 27, 2026. Each series amounts to 19.9 billion won.
Both securities are principal-guaranteed products classified as Level 5 low risk, linked to Samsung Electronics common stock and SK Hynix common stock respectively, featuring monthly coupon payments and automatic early redemption conditions.
The issuer holds a AA credit rating; the securities are unsecured and not protected by the Depositor Protection Act. Proceeds will be used for hedging and investment in financial products.
[AI Summary]This ELB issuance is a routine financing activity for KIWOOM Securities, causing no equity dilution or change in financial structure, thus neutral for the stock. While the principal-guaranteed structure provides investor protection, risks include early termination and potential loss upon early redemption depending on market conditions.