Shinyoung Securities (AA-) publicly offers three tranches of non-principal-protected ELS totaling KRW 150 billion (KRW 50 billion per tranche).
Underlying assets: Tranche 12705 – KOSPI200 Index (high risk), Tranche 12706 – SK Hynix/Samsung Electronics (very high risk), Tranche 12707 – Palantir/Micron (very high risk, foreign stocks).
All tranches have 3-year maturity (May 15, 2026 – May 15, 2029), are not listed on any exchange, not covered by depositor protection, and include auto-call early redemption and knock-in (KI) structures.
Subscription period: May 11–15, 2026; 100% subscription deposit; minimum subscription of KRW 1 million.
Issuer credit rating: AA- (stable) as of May 14, 2025 (by Korea Ratings and NICE).
Early redemption upon investor request at ≥95% of fair value (≥90% within first 6 months) but may incur principal loss; full loss risk if issuer defaults.