Kyobo Securities Launches Monthly-Payment ELB with Samsung Electronics as Underlying Asset

Kyobo Securities announced on the 2nd that it will hold a public offering for one type of Equity-Linked Bond (ELB) until the 4th.

ELB Series 391 is a 3-year principal-protected monthly payment product based on Samsung Electronics common stock as the underlying asset. On each monthly profit evaluation date, if the monthly profit evaluation price of the underlying asset is at least 85% of the initial reference price, a pre-tax return of 0.335% per month (4.02% annually) is paid. If the monthly profit evaluation price is below 85% of the initial reference price on the evaluation date, no return is paid.

Additionally, an early redemption opportunity is provided every six months. If on the automatic early redemption evaluation date the automatic early redemption evaluation price of the underlying asset is 102% or higher, the principal is paid and early redemption occurs. Even if the maturity evaluation price of the underlying asset is below 102% on the maturity evaluation date, the principal is 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 Kyobo Securities website and the Mobile Trading System (MTS).