Kyobo Securities ELS Issuance Report – Zero Funds Raised Due to No Subscription

Kyobo Securities submitted a Securities Issuance Performance Report for ELS series 13585 and 13586
Each planned offering of 4.965 billion won, actual funds raised 0 won (fully unsubscribed)
Underlying assets: 13585 = Samsung Electronics single stock; 13586 = Samsung Electronics + SK Hynix (correlation 0.8041)
Issue price 9,930 won (face value 10,000 won, discount), maturity 2029/5/16 (3 years)
Auto-call: 11 occasions, if underlying ≥ 90% of initial on evaluation date, principal repaid
Monthly coupon: 36 payments, if underlying ≥ 80%(13585)/75%(13586) of initial, pay 0.96%(13585)/1.1825%(13586) of face value
Maturity loss: if underlying < 75% of initial, pay 90% of principal (max 10% loss)
Unlisted, minimum subscription 1 million won, issuance can be cancelled if total subscription < 500 million won