100% Principal Protection + Maximum Returns of 21.06 % p.a.-Citibank Korea Equity Linked Deposit

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2009-09-07 11:53

Seoul--(뉴스와이어)--Citibank Korea (CEO, Ha Yung Ku, www.citibank.co.kr) has launched ‘Trust Korea ELD No. 3 ‘, and ' Premium Korea ELD No. 3 ’ for temporary sales until Sep 16 th.

‘Trust Korea ELD No. 3 ’ offers maximum interest returns of 21.06 % (before tax) per annum on tenor of 1 year and six months linked to KOSPI 200 Index.

'Trust Korea ELD No. 3’ offers a coupon rate of 4. 50%(before tax)if the Kospi 200 Index(including index performance at mid-day)rises by more than 40% or more vs benchmark index during the observation period, and rates of min 0% to max 21.06% p.a. depending on the actual index performance if Kospi 200 Index does not ever exceed the benchmark index by 40% or more.

Premium Korea ELD No. 3 ’ offers maximum interest returns of 13.50 % (before tax) per annum on tenor of 1 year linked to KOSPI 200 Index. ‘Premium Korea ELD No. 3‘ offers a coupon rate of 4.70%(before tax)p.a. if ’ Premium Korea ELD No. 3' ever exceeds the benchmark index by 30% or more, and rates of min 0% to max 13.50% p.a. depending on the actual index performance if Kospi 200 Index does not ever exceed the benchmark index by 30% or more.

For "Trust Korea ELD No. 3', customers subscribing to ELD products will get special rates on CD(5.0 %, before tax) and time deposit (4.8 % before tax) , up to ELD subscription amount with 1 year maturity, which will be an excellent opportunity for customers to enjoy rates higher than BM rate or exception rates normally offered for deposit products.

As financial markets experience sharp fluctuations and investment products make negative returns, this product is getting keen attention among customers who want ELD with 100% principal protection and high returns. ELD gives 100% of principal back to subscribers at maturity and offers opportunity invest in diverse underlying assets without risk of principal loss as long as it is not terminated early.

* For any inquiries, please contact Shim Jae-Won, Consumer Liabilities/Bancassurance of Citibank Korea at 02-2004-2478.

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 231 branches (as of end of June in 2009) in Korea by providing the first class financial products and services based on the various products and now-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