Samsung Securities Issues 19.8 Billion KRW Principal Non-Guaranteed ELS Linked to Three Indices, Funds for Hedging Activities
Samsung Securities is issuing the 31139th Equity-Linked Security linked to KOSPI200, EUROSTOXX50, and S&P500 with a total offering of 19.8 billion KRW.
Each security has an issue price of 9,900 KRW and face value of 10,000 KRW, with 2,000,000 securities offered. Maturity is June 27, 2029. The product includes automatic early redemption features, and returns depend on underlying asset performance.
Proceeds will be used for hedging activities, including trading in underlying assets and derivatives, to ensure stable redemption payments.
This is a principal non-guaranteed high-difficulty financial product, with potential loss of up to 100% of principal depending on underlying asset movements. It is not covered by the Depositor Protection Act.
The issuer, Samsung Securities, has a strong credit rating of AA+ from NICE as of January 2026, but the securities rank equally with unsecured and unsubordinated debt.
No shareholder return measures such as treasury stock acquisition or dividends were disclosed. This issuance does not involve common equity, so no dilution for existing shareholders.
[AI Summary]Samsung Securities' new ELS issuance of 19.8 billion KRW is aimed at funding and hedging operations. While the product poses significant principal loss risk for investors due to its leveraged nature, there is no dilution for current shareholders. The issuance size is small relative to market cap, and the use of proceeds within normal business activities with a high credit rating suggests limited financial risk.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)