Kyobo Securities Issues 3.7B Won in Equity-Linked Derivative Bonds (12488th)

Kyobo Securities issued 3.706B won in 12488th Equity-Linked Derivative Bond (Low Risk) (37% of planned 9.97B, partial payment)
Underlying: KOSPI200, principal protection at maturity (100% repayment even if final price <90% of initial)
Auto-call: every 6 months, if underlying ≥90% of initial price, early redemption at 100% face value
Monthly coupon: 0.48% of face value if underlying closes above 75% of initial price on each coupon evaluation date (total 36 payments)
Issuance cost: 185,340 won; funds used for hedging derivatives
Unlisted, electronic registration, minimum subscription 1M won