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(영문) 서울고등법원 2016.10.28 2016나5926
상환원리금 등
Text

1. Of the judgment of the court of first instance, the part against the defendant exceeding the following amount ordered to be paid shall be revoked.

Reasons

1. Basic facts

A. On August 31, 2007, Korea Investment Securities Co., Ltd. (hereinafter “Korea Investment Securities”) issued the “Korea Investment Securities Co., Ltd. 289 Korea Investment Securities Co., Ltd. (hereinafter “Korea Investment Securities Co., Ltd.”)’s stock-linked securities (hereinafter “instant stock-linked securities”) (i.e., Equitable Securities Co., Ltd.).

The main contents of the prospectus are as follows:

- The name of the good: The name of the Korean Investment Securities Section 289 - the underlying asset: Samsung Electronic Common Shares, the common bank of the Korean National Bank, was changed to the KB financing common shares following the issuance of the instant stock-linked securities, after the issuance of the stock-linked securities.

- Gross amount of issuance: 19.9 billion won - the initial base price: on August 30, 2007, each closing price of underlying assets (572,00 won in three-electronic common shares, and common shares 74,600 won in national banks): August 31, 2009 (as soon as two-year maturity and six-month maturity) - The maturity evaluation date: (i) the closing price of underlying assets on August 26, 2009 - the closing price of underlying assets on August 26, 2009 - the return structure (i) the automatic early maturity of 90% or less of the initial base price; (ii) the maturity of two underlying assets at least 15% of the initial base price (in cases where the maturity of two underlying assets is at least 85% or more of the initial base price): (iii) the initial valuation price at least 45% of the initial base price on redemption of two underlying assets at least 25%).

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