Kiwoom Securities Files Prospectus for KRW 60 Billion Global ELS Issuance Across 10 Series
Kiwoom Securities announced the effectiveness of the prospectus for 10 series of New Global 100 Trillion Derivative-Linked Securities Equity-Linked Securities non-principal protected very high risk from series 1975 to 1984 on July 15, 2026.
The total offering amount is approximately KRW 60 billion, with underlying assets including KOSPI200 Index, Tesla, Micron Technology, Broadcom, SK Hynix, Palantir Technologies, and Samsung Electronics.
These ELS are unsecured and unguaranteed securities based on Kiwoom's credit, not protected by the Depositor Protection Act, and are high-difficulty financial investment products with a maximum potential loss of 100% of principal.
The raised funds will be used for hedging underlying assets and investing in financial products, managed under the company's internal control procedures.
Kiwoom Securities maintains a stable credit rating of AA, and this issuance is part of normal business operations without diluting shareholder value or involving conversion rights.
[AI Summary]Kiwoom Securities' ELS issuance is assessed as routine business activity aimed at generating fee income and supplying investment products rather than capital raising. From a shareholder perspective, there is no direct equity dilution, but the company's credit risk and derivative operational risks are inherent. Investors should fully understand underlying asset volatility and potential principal loss before making investment decisions.