Kyobo Securities Files Supplemental Shelf Registration for 9.93 Billion Won Principal-Protected ELS Linked to Samsung Electronics and SK Hynix
On July 2, 2026, Kyobo Securities submitted a supplemental shelf registration statement for its 13634th equity-linked securities linked to Samsung Electronics and SK Hynix common stocks.
The total offering amount is 9.93 billion won with an issue price of 9,930 won per security and face value of 10,000 won, maturing on July 20, 2029 three-year term.
The securities are principal-protected partial payment type moderately high risk Grade 3, where at maturity if any underlying asset falls below 65% of its initial price, only 90% of principal is repaid, limiting maximum loss to 10%.
Monthly coupon of 18.03% per annum is paid if all underlying assets close at or above 65% of initial price, and automatic early redemption is triggered at 85% of initial price for all 11 observation dates.
Proceeds will be used for hedging underlying assets and investing in financial instruments, with no dilution to existing shareholders.
Issuer credit rating is AA- by Korea Ratings and NICE Ratings, and the securities are unsecured and not covered by depositor protection.
Subscription is limited to trust customers of Kyongnam Bank, minimum subscription is 1 million won, and issuance may be canceled if total subscriptions fall below 500 million won.
No share buyback or dividend-related matters were disclosed.
[AI Summary]Kyobo Securities' issuance of the 13634th ELS is a routine business activity with no capital changes, having a neutral impact on shareholder value. The issue size is negligible at about 0.89% of market cap, and the AA- credit rating supports issuer credibility, but investors should note the maximum 10% loss potential and liquidity risk due to unlisted status.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)