Kyobo Securities said it would offer a type of monthly payment linked to stock derivatives bond (ELB) until the 25th.
ELB 394 is a high-five principal payment product with a three-year maturity, based on LG Energy Solution as the underlying asset. It is expected to provide a pre-tax annual revenue of 4.35% if the monthly evaluation price of the underlying asset on the revenue evaluation date is 85% or more of the initial reference price. If it is less than 85% on the monthly evaluation date, no revenue will be provided.
In addition, it provides an early redemption opportunity every six months. If the automatic early redemption evaluation price of the underlying asset is 102% or more on the automatic early redemption evaluation date, the principal will be paid and redeemed early. If the maturity evaluation price of the underlying asset is less than 102% of the initial reference price on the maturity evaluation date, the principal will be paid. There may be a loss of principal in case of early repayment.
The minimum subscription amount for this product is more than 1 million won, with subscriptions available in increments of 100,000 won. For more details, visit the Kyobo Securities website and the mobile trading system (MTS) 'Win.K'.