Citibank Korea Offers a Special Product Package of Equity Linked Time Deposit on 100% principal protection + Expected returns of maximum 68%(45.46% p.a.) + Special rate of 7.30% p.a.

뉴스 제공

2008-09-11 10:20

Seoul--(뉴스와이어)--Recent fluctuations in the financial market has caused returns on various investment products to drop or even go down to negative arena which has prompted many banks to launch ELD products featuring 100% principal protection and high returns. ELD products offer principal protection at maturity, and provides opportunity to invest in various underlying assets without risk of principal loss, unless early terminated.

Citibank Korea will start selling ‘Korea-Hong Kong-Taiwan Equity Linked Deposit (No.2)’ and ‘Korea Equity Linked Deposit No. 2’ from 11th until 26th this month. ‘Korea-Hong Kong-Taiwan Equity Linked Deposit’ offers maximum return of 68% (45.46% p.a before tax), and ‘Korea Equity Linked Deposit No. 2’ offers maximum return of 22.5%p.a. (before tax).

‘Korea-Hong Kong-Taiwan Equity Linked Deposit (No.2)’ is linked to Korea’s KOSPI 200, Hong Kong’s Hanseng, Taiwan’s MSCI Taiwan Index, and tenor is 1 year 6 months. The product offers fixed returns of 14% (9.36% p.a. before tax) if any one of the equity index climbs more than 40% compared to basis index, and offers maximum returns of 68%p.a. (45.46% before tax) in case none of the three indices go above 40% by applying participation rate (170%) to the index that climbed the lowest.

‘Korea Equity Linked Deposit No. 2’ gives returns of maximum 22.5%p.a. (before tax) if KOSPI 200 at maturity increased by 0%~less than 25% compared to basis index, and maximum 8% (before tax) if rises by 25% or above.

Also, consumers can subscribe to Certificate of Deposits (CD) at 7.30%p.a. (before tax) within the subscription amount of the above equity linked deposit products, which is a good opportunity for customers to enjoy higher rates for TDs and CDs if subscribed on bundled package compared to single subscription of product which is offered by branch manager authorized rates.

About Citibank Korea Inc.

Citibank had opened its first branch in Korea in 1967, and was born newly as Citibank Korea Inc. (CKI) through integration with KorAm Bank in 2004. CKI serves customers at 230 branches (as of June 2008) in Korea by providing the first class financial products and services based on the various products and know-how of Citi with global network including more than 100 years of history and 200 million customers in more than 100 countries. CKI delivers new financial world to the customers through development of innovative financial products and services, encompassing from corporate and investment banking to consumer banking, private banking, and wealth management. Furthermore, Citibank Korea Inc., as a responsible corporate citizen, conducts diverse community activities in the areas of financial education, next generation education, woman, diversity, community, and environment consistently in corporation with sound non-profit organizations.

웹사이트: http://www.citibank.co.kr