Citibank Korea Offers an Equity Linked Time Deposit on 100% Principal Protection + Expected Before Tax Returns of Maximum 31%(20.69% p.a.) + Special Rate of 8.1%(Before Tax) p.a.

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2008-10-16 10:42

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 ‘KOSPI 200 Equity Linked Deposit Look Back (No.1)’ and ‘Best Equity Linked Deposit No. 1’ until 28th this month.

‘KOSPI 200 Equity Linked Deposit Look Back(No. 1)’ is a product linked to Korea’s KOSPI 200 Index with tenor of 1 year 6 months, and offers maximum return of 31% (20.69% p.a, before tax) at maturity.

‘Best Equity Linked Deposit No. 1” is linked to Korea’s KOSPI 200 Index and the tenor is 1 year, and it offers return of minimum 4% p.a. to maximum 19% p.a.(before tax) at maturity.

Also, consumers can subscribe to Certificate of Deposits (CD) at 8.1% p.a. (before tax) and Time Deposit (TD) at 7.9 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