Kyobo Securities said it will publicly offer one type of equity-linked derivative bonds (ELB) until the 10th.
ELB 383 is a cash payment equity-linked product with a 3-year maturity based on SK Hynix common stock as the underlying asset.
If the valuation price of the underlying asset is 85% or more of the initial reference price on the revenue evaluation date each month, it will pay a pre-tax revenue of 0.4175% per month (annual 5.01%). If it is below 85% on the revenue evaluation date, no revenue will be paid.
Additionally, a prepayment opportunity will be provided every six months. If the repayment valuation price of the underlying asset is 102% or more on the automatic prepayment evaluation date, the principal will be paid and the asset will be redeemed.
If the valuation price of the underlying asset on the maturity evaluation date is less than 102%, the principal will still be paid, and there may be a principal loss upon early redemption. The minimum subscription amount for this product is over 1 million won, and subscriptions can be made in increments of 100,000 won.
Detailed information can be found on the Kyobo Securities website and the mobile trading system (MTS) 'Win.K'.