Daishin Securities Completes Issuance of 1084th ELS Worth 19.96 Billion Won (Subscription Shortfall)
Daishin Securities completed the issuance of the 1084th ELS (Equity-Linked Securities) linked to S&P500, worth 19.9575 billion won, with subscription rate below 100%, leading to full payment and allocation.
Issuance cost was 0.998 million won, and the entire raised amount (19.9565 billion won) will be used for hedging.
Maturity 184 days (Nov 4, 2026), unlisted, face value 10,000 won, issue price 9,990 won, minimum subscription 1 million won.
Redemption conditions: If S&P500 at maturity is 500% or more of initial price, pay annual 3.110%; otherwise pay annual 3.100%.