Kyobo Securities Announces Public Offering of Monthly-Paying ELB with Annual Pre-Tax Yield of 5.31%

Kyobo Securities announced on the 23rd that it will hold a public offering of one type of Equity-Linked Bond (ELB) until the 30th.

ELB 364 is a principal-protected product that seeks monthly income based on Hyundai Motor Company common stock as the underlying asset.

The maturity is 3 years, and if the evaluation price of the underlying asset on the monthly income evaluation date is 85% or more of the initial reference price, a pre-tax return of 0.4425% per month (5.31% annually) is paid. If the evaluation price is less than 85% of the initial reference price on the monthly income evaluation date, no income is paid.

Additionally, an early redemption opportunity is provided every 6 months. If the closing price of the underlying asset on the automatic early redemption evaluation date is 102% or more, the principal is paid and early redemption occurs.

Even if the maturity evaluation price of the underlying asset is less than 102% on the maturity evaluation date, the principal is paid, but principal loss may occur in case of early redemption.

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).