Daishin Securities Issues KRW 9.99B S&P500-Linked Derivative Bond (184-day maturity, 3.10% p.a. return)

Daishin Securities issues the 1089th Derivative Bond (equity-linked): KRW 9.99bn, 184-day maturity, underlying S&P500.
Redemption conditions: if S&P500 >= 500% of initial, 3.11% p.a.; otherwise 3.10% p.a., effectively fixed return.
Not protected under depositor protection act, credit risk of issuer (AA-), non-listed so low liquidity.
Early redemption may cause principal loss (at least 95% of fair value, 90% within 6 months).
Issuance may be cancelled if subscription amount < KRW 1bn.