Kyobo Securities Decides to Issue 30 Billion Won of 433rd Equity-Linked Bond (Principal Protected, 6.36% Annual Coupon)
Kyobo Securities issues 30 billion won (3,000,000,000 won) of 433rd Equity-Linked Bond (ELB), with subscription period from 2026.05.26 to 2026.06.01 and maturity on 2027.12.03.
This principal-protected security (ordinary risk, grade 4) pays a monthly coupon of 0.53% (6.36% p.a.) if SK Hynix common stock closes at or above 75% of the initial strike on each monthly coupon evaluation date.
Automatic early redemption conditions: if the underlying closes at or above 100% of the initial strike on the 1st (2026.12.01) or 2nd (2027.06.01) evaluation date, the principal (100% of face value) is redeemed early.
At maturity, 100% of principal is guaranteed regardless of underlying price; maximum pre-tax return is 9.54% if all 18 coupons are paid.
Issuer credit rating is AA- (KIS, KRN, as of June 2025); this ELB is not protected by the Depositor Protection Act.