Kyobo Securities said it will offer a principal payment-type equity-linked bond (ELB) type 1 until the 14th.
The ELB 393 is a three-year product based on the KOSPI 200 index. It provides opportunities for early redemption every six months and is expected to yield a pre-tax annual revenue of 4.7% if conditions are met. If the price of the underlying asset is above 100% of the initial reference price on the automatic early redemption evaluation date and maturity redemption evaluation date, a revenue of 4.7% will be paid.
If the maturity redemption evaluation date shows that the maturity evaluation price of the underlying asset is below 100% of the initial reference price, the principal will be paid. There may be a loss of principal in the case of mid-term redemption.
The minimum subscription amount for this product is 1 million won, and subscriptions can be made in increments of 100,000 won. For more details, you can check the Kyobo Securities website and the mobile trading system (MTS) "Win.K."