Kyobo Securities Offers Monthly-Paying ELB Based on KEPCO as Underlying Asset

Kyobo Securities announced on August 11 that it will be offering a public subscription for one type of equity-linked bond (ELB) based on common shares of Korea Electric Power Corporation (KEPCO) until August 13.

The 407th ELB being offered is a three-year maturity Hi-Five principal-protected product with monthly payments.

On each monthly performance evaluation date, if the monthly evaluation price of the underlying asset is at least 85% of the initial reference price, a pre-tax return of 0.335% per month (equivalent to 4.02% per annum) will be provided. If the monthly evaluation price is less than 85% of the initial reference price on any monthly 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. On the maturity evaluation date, if the maturity evaluation price of the underlying asset is less than 102% of the initial reference price, the principal will still be paid. However, in the event of early redemption before maturity, there is a possibility of principal loss.

The minimum subscription amount is KRW 1,000,000, with additional subscriptions available in increments of KRW 100,000. Further details can be found on the Kyobo Securities website and the Mobile Trading System (MTS).

This content was produced with the assistance of AI translation services.