Kyobo Securities Issues KRW 3 Billion Series 433 ELB Linked to SK Hynix
Kyobo Securities issues the 433rd series of Equity-Linked Bonds (ELB) worth KRW 30 billion.
Underlying asset is SK Hynix common stock, with an issue price of KRW 10,000 per bond and 300,000 bonds issued.
Subscription period runs from May 26, 2026 to June 1, 2026, with a minimum subscription amount of KRW 1 million.
Maturity date is December 3, 2027; the bonds are unlisted and not traded on an exchange.
Monthly coupon of 0.53% (6.36% p.a.) is paid if the underlying asset’s closing price is at least 75% of the initial strike price.
Automatic early redemption occurs if the underlying asset price is at least 100% of the initial strike on the first (Dec 1, 2026) or second (Jun 1, 2027) evaluation date.
At maturity, 100% of principal is guaranteed regardless of the underlying asset price, but early redemption may result in principal loss.
These bonds are not protected by the Depositor Protection Act; the issuer, Kyobo Securities, has a credit rating of AA- (from NICE and KIS).