Kyobo Securities Offers Monthly Payment ELB Based on Hyundai Motor as Underlying Asset

Kyobo Securities announced on December 12 that it will be offering public subscriptions for an equity-linked bond (ELB) based on common shares of Hyundai Motor Company from December 15 to December 19.

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The 417th ELB being offered is a 3-year maturity Hi-Five principal-protected product with monthly payments. On each monthly return evaluation date, if the monthly return evaluation price of the underlying asset is at least 85% of the initial reference price, a pre-tax return of 0.4425% per month (equivalent to an annual rate of 5.31%) will be provided. If the price is below 85% of the initial reference price on any monthly return 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. Even if the maturity evaluation price of the underlying asset is less than 102% of the initial reference price on the maturity evaluation date, the principal will still be paid. However, in the case of early redemption before maturity, there is a risk of principal loss.

The minimum subscription amount is 1 million KRW, and subscriptions can be made in increments of 100,000 KRW.

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