Kyobo Securities Launches 2 Types of Overseas Index-linked ELS and 1 Type of ELB Public Offering
[Asia Economy Reporter Lee Jung-yoon] Kyobo Securities announced on the 2nd that it will publicly offer a total of 15 billion KRW worth of two types of overseas index-linked equity-linked securities (ELS) and one type of equity-linked bond (ELB).
The ELS 2030 series being offered this time is a 3-year maturity monthly payment product based on the S&P 500 Index, HSCEI Index, and EURO STOXX 50 Index. On each monthly evaluation date, if the closing prices of all underlying assets are at least 55% of the initial reference price, a monthly payment of 0.6175% (annualized 7.41%) will be made.
Additionally, early redemption opportunities are provided every six months. Early redemption will occur if the closing prices of all underlying assets are at least 95% (6 months), 90% (12 months), 85% (18 months), 80% (24 months), and 75% (30 months). However, if on the maturity evaluation date the closing price of any underlying asset is below 65%, principal loss of up to 100% may occur according to the maturity redemption conditions.
The ELS 2031 series is a 3-year maturity step-down product based on the S&P 500 Index, HSCEI Index, and EURO STOXX 50 Index. Early redemption opportunities are provided every six months, and if the closing prices of all underlying assets are at least 85% (6 and 12 months), 80% (18 and 24 months), and 75% (30 months), early redemption will occur with a pre-tax annual return of 7.20%. However, if on the maturity evaluation date the closing price of any underlying asset is below 65%, principal loss of up to 100% may occur according to the maturity redemption conditions.
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The ELB 302 series is a 3-year maturity principal-protected product based on the KOSPI 200 Index and EURO STOXX 50 Index. Early redemption opportunities are provided every six months, and if the closing prices of all underlying assets are at least 100%, early redemption will occur with a pre-tax annual return of 4%. Even if the maturity return conditions are not met at maturity, a 0.5% return will be paid. The minimum subscription amount for this product is 100,000 KRW, and subscriptions can be made in units of 10,000 KRW.
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