Kyobo Securities announced on the 10th that it will hold a public offering of one type of Equity-Linked Bond (ELB) until the 12th.
ELB Series 357 is a 3-year principal-protected product with monthly payments, based on the common stock of Woori Financial Group as the underlying asset.
On each monthly income evaluation date, if the evaluation price of the underlying asset is at least 85% of the initial reference price, a pre-tax return of 0.46% per month (5.52% annually) will be paid. If the evaluation price is below 85% of the initial reference price on the monthly income evaluation date, no return will be paid.
Additionally, an early redemption opportunity is provided every six months. If the closing price of the underlying asset on the automatic early redemption evaluation date is at least 102% of the initial reference price, the principal will be paid and the bond will be redeemed early.
On the maturity evaluation date, if the maturity evaluation price of the underlying asset is below 102% of the initial reference price, the principal will still be paid. However, early redemption may result in principal loss.
The minimum subscription amount for this product is 1,000,000 KRW, and subscriptions can be made in units of 100,000 KRW.
For more details, please check the announcements on the Kyobo Securities website and the Mobile Trading System (MTS).
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