Kyobo Securities noted that it will publicly offer one type of equity-linked derivative bond (ELB) until the 24th.
ELB 388 is a principal-protected product with a 3-year maturity, based on the KOSPI 200 index.
An early redemption opportunity will be provided every 6 months, offering a pre-tax annual revenue of 4.9%, if conditions are met. If the price of the underlying asset is at least 100% of the initial reference price on the automatic early redemption evaluation date and the maturity redemption evaluation date, a revenue of 4.9% will be paid.
If the maturity redemption evaluation date shows a price of the underlying asset below 100% of the initial reference price, the principal will be paid. There may be a principal loss in case of early redemption.
The minimum subscription amount for this product is over 1 million won and can be subscribed in increments of 100,000 won. Detailed information can be found on the Kyobo Securities website and the mobile trading system (MTS) 'Win.K'.