Kyobo Securities Announces Pre-Tax Annual 5.10% Monthly-Payment Principal-Protected ELB Public Offering

Kyobo Securities announced on the 4th that it will hold a public offering for one type of Equity-Linked Bond (ELB) until the 11th.

ELB Series 368 is a 3-year principal-protected product with monthly payments, based on Korea Electric Power Corporation common stock 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 monthly return of 0.425% (annualized 5.10%) 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, there is an early redemption opportunity every six months. If the closing price of the underlying asset on the automatic early redemption evaluation date is 102% or higher, the principal will be paid and the bond will be redeemed early.

Even if the maturity evaluation price of the underlying asset is below 102% on the maturity evaluation date, the principal will be paid. However, 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).