Kyobo Securities noted that it will offer a type of equity-linked derivative bond (ELB) through public subscription until the 13th.
ELB 390 is a principal-protected product with a three-year maturity based on the KOSPI 200 index.
Opportunities for early redemption will be provided every six months, and if conditions are met, it is expected to offer pre-tax annual revenue of 5.0%. If the underlying asset price on the automatic early redemption evaluation date and maturity redemption evaluation date exceeds 103% of the initial reference price, a revenue of 5.0% will be paid.
If the maturity evaluation price of the underlying asset is less than 103% of the initial reference price on the maturity redemption evaluation date, the principal will be paid. A principal loss may occur in case of early redemption.
The minimum subscription amount for this product is over 1 million won and can be subscribed in units of 100,000 won. For more details, please check the Kyobo Securities website and mobile trading system (MTS) 'Win.K'.