Shinyoung Securities Issues 20B KRW Samsung Electronics-Linked ELB (96-day maturity, 2.90% p.a.)

Issuance of 20 billion KRW of equity-linked derivative bonds (ELB) linked to Samsung Electronics common stock
Issue price 10,000 won per bond, 2,000,000 bonds, maturity on August 31, 2026 (96 days)
Maturity yield: 2.90% p.a. if final price < 500% of initial price, 2.91% p.a. if >= 500%
Early redemption possible at investor's request but at least 95% of fair value (90% for first 6 months), potentially resulting in principal loss
Non-listed securities with limited liquidity and additional costs for early redemption
Proceeds to be used for hedging and investment in safe assets like government bonds
Issuer credit rating AA- (KIS, NICE, as of May 15, 2026)