Kyobo Securities Offers Monthly Payment ELB Based on POSCO Holdings as Underlying Asset

Kyobo Securities announced on July 8 that it will be offering public subscriptions for the 404th Equity-Linked Bond (ELB) based on POSCO Holdings common stock as the underlying asset, until July 14.

This product features a three-year maturity, principal-protected, monthly payment structure. On each monthly return evaluation date, if the monthly return evaluation price of the underlying asset is at least 85% of the initial reference price, a pre-tax return of 0.3925% per month (4.71% per annum) will be paid. If the monthly return evaluation price is below 85% of the initial reference price on the evaluation date, no return will be paid for that month.

Additionally, there is an early redemption opportunity every six months. If the automatic early redemption evaluation price of the underlying asset is at least 102% of the initial reference price on the automatic early redemption evaluation date, the principal will be paid and the product will be redeemed early.

Even if the maturity evaluation price of the underlying asset is less than 102% of the initial reference price on the maturity evaluation date, the principal will still be paid. However, if redeemed before maturity, there may be a loss of principal.

The minimum subscription amount is 1 million KRW, and subscriptions can be made in increments of 100,000 KRW.

For more details, please refer to the Kyobo Securities website or the Mobile Trading System (MTS).