Kiwoom Securities Files Prospectus for 11 ELS Series Totaling 65.3 Billion Won with Very High Risk Classification
Kiwoom Securities announced on July 9, 2026 that the prospectus for 11 series of Equity-Linked Securities ELS issued on its own credit became effective.
The total offering amount for series 1964 to 1974 is 65.318 billion won with a subscription period from July 10 to July 16 2026.
All products are classified as non-principal protected and very high risk with potential loss up to 100% of principal especially for elderly investors aged 65 and above coupled with a mandatory deliberation period.
Underlying assets include KOSPI200 Tesla Micron Broadcom SK Hynix Palantir Samsung Electronics and AMD among major domestic and global stocks and indices.
The raised funds will be used for hedging transactions to ensure stable repayment and for investment in financial products.
Kiwoom Securities maintains an AA credit rating and these securities are not protected by the Depositor Protection Act.
These ELS are not listed on the Korea Exchange limiting liquidity before maturity and early redemption may result in principal loss.
[AI Summary]Kiwoom Securities issues 65.3 billion won ELS but this is derivative sales not capital increase so no dilution for existing shareholders. Investors must recognize total principal loss risk and low liquidity due to complex product features. Issuer credit rating AA stable but illiquidity needs attention.