Kyobo Securities Announces Public Offering of Monthly-Paying ELB with Annual Pre-Tax Yield of 5.1%

Kyobo Securities announced on the 7th that it will hold a public offering for one type of Equity-Linked Bond (ELB) until the 8th.

ELB Series 376 is a 3-year maturity, monthly payment, principal-protected product based on LG Energy Solution 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 0.425% per month (5.1% annually) will be paid. If the monthly profit evaluation price is below 85% of the initial reference price on the evaluation date, no return will be paid.

Additionally, an early redemption opportunity is provided every 6 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 will be paid and early redemption will occur.

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 Kyobo Securities website and the Mobile Trading System (MTS).

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