Shinyoung Securities Issues 872nd and 873th Equity-Linked Bonds (ELB)
Shinyoung Securities (credit rating AA-) issues 872nd (underlying: Samsung Electronics single) and 873th (underlying: Samsung Electronics + Hyundai Motor) equity-linked bonds (ELB), each worth 9.95 billion won (total 19.9 billion won), with 3-year maturity
872nd: Monthly coupon (7.2% p.a., paid if underlying ≥80% of initial) and automatic early redemption every 6 months (if underlying ≥90% of initial), principal protected at maturity
873th: 8.8% p.a. return (pro-rated) automatic early redemption (if both underlyings ≥100% of initial), principal protected at maturity
Both products are not listed; early redemption may incur principal loss; not covered by deposit insurance; credit risk of issuer Shinyoung Securities exists