KIWOOM Securities Issues 9.95 Billion KRW in 1277th Series ELB Linked to Samsung Electronics Stock
KIWOOM Securities filed the prospectus for its 1277th series ELB on July 1, 2026, making the offering effective.
Total offering amount is 9.95 billion KRW, underlying asset is Samsung Electronics common stock, issue price per security 9,950 KRW, maturity on July 24, 2029 3-year product.
This is a principal-guaranteed low-risk grade 5 product. Auto-call condition: if underlying price is 80% or more of initial price, maximum annual yield 8% up to 24% at maturity. If not met, minimum yield of 1% at maturity.
Issuer credit rating AA from Korea Ratings, KIS, NICE as of June 30, 2026, indicating stability.
Proceeds will be used for hedging and financial investment.
This bond is not protected by depositor protection act and is unlisted, so early redemption may incur principal loss.
[AI Summary]KIWOOM Securities' 1277th ELB issuance raises 9.95 billion KRW via debt without diluting existing shareholders. With AA credit rating and Samsung Electronics as underlying, credit risk is low. However, the unlisted structure limits liquidity and early redemption may cause principal loss. Investors should fully understand the return structure and risks before investing.