KIWOOM Securities Issues 100B KRW Principal-Guaranteed ELB Linked to Samsung Electronics; Routine Funding with Limited Impact on Shareholder Value
KIWOOM Securities issues the 677th Dream Public Offering Derivative-Linked Bond (Equity-Linked Derivative-Linked Bond, Grade 5 Low Risk) with a total offering of 100B KRW (10,000,000 securities, 10,000 won per security), linked to Samsung Electronics common stock.
The bond guarantees principal at maturity (2027.06.11) and pays a pre-tax return of 3.75% p.a. if the final reference price is below 300% of the initial price, or 3.751% p.a. if equal to or above 300%.
Early redemption applies a rate of 2.75% p.a. (3.75% minus 1.00%p), except for special early termination reasons under the Employee Retirement Benefit Security Act where 3.75% p.a. applies.
Subscription period: 2026.06.12 13:00~16:00, limited to retirement pension accounts, minimum subscription amount 10,000 won. Issuance may be cancelled if total subscription is less than 5 billion won.
Issuer credit rating: AA (from Korea Ratings, NICE, and KIS). Proceeds will be used for hedging and financial investment.
[AI Summary]This ELB issuance is a routine funding operation for KIWOOM Securities, causing no dilution or change in control, and has a neutral impact on shareholder value. As a principal-guaranteed product, investment risk is limited aside from issuer credit risk.