Shinyoung Securities Issues KRW 9.9 Billion ELS (Non-Principal Protected, Linked to S&P500 & EuroStoxx50)
Shinyoung Securities issues KRW 9.9 billion (issue price KRW 9,900 per security, 1,000,000 securities) non-principal protected Equity-Linked Securities (ELS) on June 8, 2026. Underlying assets: S&P500 Index and EuroStoxx50 Index; maturity June 8, 2029 (3 years).
Early redemption conditions are step-down (1st 80%, 2nd-4th 75%, 5th 70%), offering an annual return of 4.00% (pre-tax). At maturity, if both indices are at or above 60% of initial price, 4.00% annual return; if either is below, principal loss proportional to the worst-performing index (up to 100% loss).
Proceeds are used for hedging (risk management). The securities are not listed; early redemption may result in principal loss. No dilution or capital change for existing shareholders of Shinyoung Securities.