Kiwoom Securities Offers Special ELB with 3.6% Pre-Tax Annual Return and No Subscription Requirements

Kiwoom Securities announced on August 27 that it will offer a special Equity-Linked Bond (ELB) with a pre-tax annual interest rate of 3.6%. Subscriptions will be accepted until 1:00 p.m. on August 28.

This 925th ELB from Kiwoom Securities is a six-month product with a pre-tax annual return of 3.6%, based on common shares of Samsung Electronics as the underlying asset. Any customer holding a Kiwoom Securities brokerage (stock) account can subscribe without any additional requirements.

If an investor requests early redemption before maturity, a pre-tax annual return of 1% will be paid on a pro-rata basis. Although the likelihood is low, there is also a condition that if the closing price of Samsung Electronics common shares exceeds 200% of the initial reference price on the maturity evaluation date, an additional return of 0.01% of the investment amount will be paid.

The total offering size is 20 billion won, with a minimum subscription amount of 100,000 won and a maximum subscription limit of 100 million won per account. If the subscription is oversubscribed, allocations will be made proportionally according to each investor's subscription amount. Any remaining funds after allocation will be refunded on the subscription closing date.

This is fundamentally a low-risk product in which both principal and returns are paid, but in the event of a credit event (such as default or bankruptcy) by the issuer, Kiwoom Securities, a loss of principal may occur. Kiwoom Securities currently holds a credit rating of AA-.

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