Kyobo Securities decided to issue the 12494th equity-linked derivative bond (ordinary risk) totaling KRW 10 billion out of total offering of KRW 100 billion, based on Samsung Electronics common stock (face value KRW 10,000, 1,000,000 securities).
Issue date: 2026.05.08, maturity: 2029.05.15 (3 years), unlisted, not covered by deposit insurance.
Monthly coupon: if closing price of underlying is at least 75% of initial strike on each monthly evaluation date, pays 0.6775% per month (8.13% p.a.), up to 36 payments.
Automatic early redemption: from 3 months after issuance, every 3 months, if underlying price is at least 85% of initial strike, redeemed at 100% of principal.
Maturity redemption: regardless of whether final price is above or below 85% of initial strike, pays 100% of principal (principal protection).
Issuance may be cancelled if total subscription amount is less than KRW 300 million; early redemption upon investor request at 95% (90% within 6 months) of fair value, but principal loss possible.
Key risks: underlying price fluctuation, credit risk of issuer, illiquidity (unlisted), potential principal loss on early redemption.