Kyobo Securities Files Shelf Registration Supplement for K-ELS Series 27 and 28 Equity-Linked Securities Aggregating KRW 6 Billion
This shelf registration supplementary filing is submitted by Kyobo Securities to newly offer a total of KRW 6 billion of Kyobo Securities K-ELS Series 27 and 28 high-risk equity-linked derivative securities under its existing shelf registration.
Series 27 ELS has a 3-year maturity with Samsung Electronics and SK Hynix as underlying assets, featuring monthly coupon payment conditions and an automatic early redemption structure with a maximum principal loss of 20%.
Series 28 ELS has a 1-year maturity with Samsung Electronics as the sole underlying asset, offering an annual return of 23.70% if early redemption conditions are met and limiting maturity loss to 20%.
Kyobo Securities holds an AA- credit rating, recorded a net profit of KRW 139.3 billion in 2025, and has total equity of KRW 2.12 trillion.
Proceeds from this ELS issuance will be used for underlying asset trading and hedging in exchange-traded and over-the-counter derivatives, with no dilution to shareholders.
These derivative securities are not protected under the Depositor Protection Act and may incur up to 20% loss of principal, with additional losses possible upon early redemption before maturity.
[AI Summary]Kyobo Securities is issuing two new ELS totaling KRW 6 billion under its existing shelf registration. This routine funding and risk management activity does not materially affect shareholder value or financial soundness. Given its AA- credit rating and solid financial structure, investor protection is adequate.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)