Kiwoom Securities 1273rd Equity-Linked Bond Prospectus Effective and Fundraising Details
Kiwoom Securities has filed a prospectus for its 1273rd Equity-Linked Bond ELB worth 995 billion KRW linked to Samsung Electronics common stock, which became effective on July 2, 2026.
This principal-guaranteed low-risk grade 5 product targets an annual return of 8.20% over 3 years, paying principal plus returns if the underlying asset stays above 75% of the initial price, or only principal if below.
Subscription is on July 13, 2026 with a minimum of 1 million KRW, and the offering may be cancelled if total subscriptions fall below 1 billion KRW.
Kiwoom Securities holds an AA credit rating, and the proceeds are used for hedging purposes with no equity dilution for existing shareholders.
[AI Summary]This ELB issuance by Kiwoom Securities is a debt instrument with no equity conversion, causing zero dilution for current shareholders. Funds are allocated to product hedging, making capital allocation neutral. The issuer's AA rating suggests low default risk, but investors should note yield variability based on the underlying stock price and limited liquidity.