Yuanta Securities Issues KRW 2 Billion in KOSPI200-Linked ELS #3195... Limited Impact on Shareholder Value
Yuanta Securities is issuing ELS #3195, a non-principal-protected equity-linked security linked to the KOSPI200 index, with a total offering of KRW 2 billion (2,000,000,000).
The security will be issued on June 1, 2026, maturing on June 1, 2029, with a 3-year step-down structure. Early redemption barriers are set at 85% (1st-4th), 80% (5th-8th), and 75% (9th-11th); the knock-in barrier is 40%.
Maximum return is 19.00% p.a. (57% total), but if the underlying index ever falls below 40% of the initial level and ends below 65% at maturity, principal loss (up to 100%) can occur.
The offering is limited to institutional investors and professional investors; individual retail investors are not eligible.
The issuer (Yuanta Securities) has a credit rating of AA- (Korea Ratings, NICE, as of June 2025). This product is not protected by the Depositor Protection Act.
[AI Summary]This ELS issuance is a routine business activity for Yuanta Securities, with no capital increase or equity change. At only 0.19% of market cap, the impact on shareholder value and stock outlook is negligible.