KB Securities said on the 2nd that it will sell a special offer equity-linked bond (ELB) with a 3-month maturity and a pretax annual rate of about 6% for customers with brokerage-type individual savings accounts (ISA).
This product is a principal-protected product with the KOSPI 200 index as the underlying asset. It pays a pretax annual 6.00%–6.01% return depending on the KOSPI 200 index closing price on the maturity evaluation date. The investment period is 3 months, and subscriptions start at a minimum of 1 million won.
A total of 50 billion won will be raised over five rounds with a limit of 10 billion won per round. Subscriptions run from 2 p.m. Monday to Friday each week, starting with the first-round subscription the previous day. If the subscription amount exceeds the offering amount for a round, allocations will be prorated according to the subscription amount. Any remaining refund after allocation will be returned on the subscription closing date.
A KB Securities official said, "This special-offer ELB exclusively for brokerage-type ISAs is designed so that customers with a conservative investment profile can use their brokerage-type ISA accounts to consider both tax-saving benefits and revenue opportunities."