Kiwoom Issues 13 Series of Non-Principal-Protected ELS Worth KRW 107.5 Billion... Routine Funding and Hedging
Kiwoom Securities filed a shelf registration for 13 series of Equity-Linked Securities (ELS) from #4005 to #4017 on May 27, 2026, with subscription starting May 28.
Total offering amount is KRW 107,517,500,000 (approx. 107.5 billion), with issue price mostly KRW 10,000 per security (#4015 at USD 100).
All ELS are non-principal protected: 11 series classified as Grade 2 (high risk) and 3 series as Grade 1 (very high risk).
Underlying assets include major indices (S&P500, NIKKEI225, EuroStoxx50, KOSPI200) and individual stocks (Samsung Electronics, SK Hynix).
Products feature auto-callable or monthly coupon structures, offering up to 36%~93% return (pre-tax) if conditions met, but principal loss up to 100% if underlying assets decline.
Proceeds will be used for hedging underlying assets and derivatives to ensure stable repayment under the terms.
Kiwoom's credit rating is AA (by KIS, NICE, KR), and these securities are not covered by depositor protection.
[AI Comprehensive Analysis]This filing represents a routine ELS issuance by Kiwoom Securities, with no direct impact on enterprise value or capital structure. Investors should be fully aware of the high-risk nature (non-principal-protected, potential 100% loss) and limited liquidity.