[Edaily Reporter Hyera Lee ] KYOBOSECURITIESCO.,LTD.(030610)announced on the 22nd that it is conducting a public offering of one type of equity-linked derivative bond (ELB), with KB Financial Group common stock as the underlying asset, until the 25th of this month.
The “ELB No. 436” being offered is a 3-year, principal-guaranteed product with monthly payouts.
On each monthly valuation date, if the monthly valuation price of the underlying asset is 80% or more of the initial reference price, a monthly return of 0.45% before tax (5.40% annually) will be paid. If the price falls below 80% of the initial reference price as of the valuation date, the return for that month will not be paid.
This product offers an early redemption opportunity every six months. If the price of the underlying asset is 90% or more of the initial reference price on the automatic early redemption valuation date, the principal is paid out and the product is redeemed early.
Even if the maturity valuation price of the underlying asset falls below 90% on the maturity valuation date, the principal will be paid; however, a loss of principal may occur in the event of early redemption.
The minimum subscription amount is 1 million won, and subscriptions can be made in increments of 100,000 won. For more details, please visit the KYOBOSECURITIESCO.,LTD. website or the mobile trading system (MTS) “Win.K.”
ELBs are not covered by deposit insurance, and investors may not receive the agreed-upon return depending on fluctuations in the price of the underlying asset. When requesting early redemption, investors should consider not only the possibility of principal loss but also the issuer’s credit risk. KYOBOSECURITIESCO.,LTD.’s credit rating is ‘AA-’ according to Korea Ratings Corporation.