Samsung Securities Issues 3 ELB Series Linked to KT Stock Totaling 838.4 Million Won
Samsung Securities completed direct issuance of 3 series (2873-2875) of Equity Linked Derivatives Bonds (ELB) based on KT common stock (030200) totaling KRW 838,410,000
Redemption structure: if final price equals or exceeds exercise price (300% of initial), yields of 0.71%, 1.51%, 3.16% respectively; otherwise yields of 0.70%, 1.50%, 3.15%
Proceeds to be used for hedging via investment in underlying assets and derivatives
Issuance cost is minimal at KRW 41,910 underwriting fee; no underwriting or guarantee fees