Kyobo Securities announced on the 10th that it will publicly offer a type of high-five principal-repayment linked securities (ELB) until the 16th.
ELB 398 is a three-year product based on the KOSPI 200 index. It offers an early repayment opportunity every six months and provides a pre-tax annual revenue of 4.2% if conditions are met.
If the underlying asset price is at least 100% of the initial reference price on the automatic early repayment assessment date and maturity assessment date, a revenue of 4.2% will be paid. If the maturity assessment price of the underlying asset is less than 100% of the initial reference price, the principal will be repaid. There may be a loss of principal in case of early repayment.
The minimum subscription amount for this product is over 1 million won, and subscriptions can be made in units of 100,000 won. Detailed information can be found on the Kyobo Securities website and MTS "Win.K."