Kyobo Securities Announces Pre-Tax Annual 5.01% Monthly-Payment ELB Public Offering

Kyobo Securities announced on the 8th that it will hold a public offering of one type of Equity-Linked Bond (ELB) until the 10th.

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ELB Series 383 is a 3-year principal-protected monthly payment product based on SK Hynix common stock as the underlying asset.

On each monthly profit evaluation date, if the monthly profit evaluation price of the underlying asset is 85% or more of the initial reference price, a pre-tax return of 0.4175% per month (5.01% annually) will be paid. If the monthly profit evaluation price is less than 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 the automatic early redemption evaluation price of the underlying asset is 102% or more on the automatic early redemption evaluation date, the principal will be paid and early redemption will occur.

Even if the maturity evaluation price of the underlying asset is less than 102% on the maturity evaluation date, the principal will be paid, but 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) ‘Win.K’.

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