Kiwoom Securities Issues 1291th Series ELB Linked to Samsung Electronics Stock Principal Protected Product Additional Offering
Kiwoom Securities issues additional 1291th series equity-linked ELB under its existing shelf registration. The offering amounts to 995 billion KRW with a maturity of August 7 2029 3-year term and underlying asset Samsung Electronics common stock.
This security is a principal-protected grade 5 low risk product offering annual return of 7.70% if the underlying closes at 80% or above the initial strike price on any autocall date. Even if conditions are not met at maturity the principal is guaranteed at 101%.
The issuer Kiwoom Securities holds an AA credit rating and the proceeds will be used for hedging transactions and financial investments. The product is not covered by depositor protection and is unlisted.
[AI Summary]The additional issuance of Kiwoom Securities 1291st ELB is a routine supplementary offering under the existing shelf registration with no capital raising or shareholder dilution. While the conditional 7.70% annual return and 101% principal protection are attractive investors should consider early redemption uncertainty and liquidity risk.