Kyobo Securities said on the 23rd that it will offer through public subscription until the 27th of this month an equity-linked bond (ELB) linked to common shares of Samsung Electronics as the underlying asset.
ELB No. 420 being offered this time is a 3-year maturity Hi-Five principal-protected product with monthly payments.
On each monthly performance evaluation date, if the monthly performance evaluation price of the underlying asset is at least 85% of the initial reference price, it provides 0.46% before tax per month (5.52% per year). If on the monthly performance evaluation date it is less than 85% of the initial reference price, no revenue is paid for that month.
In addition, early redemption opportunities are granted every six months. On the automatic early redemption evaluation date, if the automatic early redemption evaluation price of the underlying asset is at least 102% of the initial reference price, the principal is paid and the product is redeemed early.
On the maturity evaluation date, even if the maturity evaluation price of the underlying asset is less than 102% of the initial reference price, the principal is paid.
The minimum subscription amount is 1 million won. Subscriptions are available in units of 100,000 won.