‘100% Principal Protection plus Maximum Return of 18.05 % p.a.-Citibank Korea Equity Linked Deposit (ELD)

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2009-10-22 10:42

Seoul--(뉴스와이어)--Citibank Korea (CEO, Ha Yung Ku, www.citibank.co.kr)has launched ‘Korea China Explorer ELD No. 3’ and ’Korea China Explorer ELD No. 4’ that will be on offer temporarily until Nov. 3. These products are time deposits whose interests are partially or totally linked to market index, and are suitable for customers who want their principal amounts to be protected at maturity or who seek investment returns that are greater than those of ordinary time deposits.(As fees are charged on early redemption, investors may be exposed to potential principal loss)

‘Korea China Explorer ELD No. 3’ offers max 15.04%p.a.(before tax) of maximum yield and has a tenor of 1 year and 6 months, and is linked to Kospi 200 Index and Hangseng China Enterprise Index. ’Korea China Explorer ELD No. 3’provides a fixed rate of 7.35% p.a. (before tax) if the both Kospi 200 Index and Hangseng China Enterprise Index rises by more than 30% or more on initial day during observation period, and rates of min 0% to max 15.04% p.a. depending on the worst performer of the two indexes' actual growth if the index does not ever outperform Kospi200 index and Hangseng China Enterprise Index on initial day by 30% or more.

‘Korea China Explorer ELD No. 4’offers a maximum yield of 18.05 % p.a. (before tax) on tenor of 1 year and 6 month, linked to Kospi 200 Index and Hangseng China Enterprise Index. ’Korea China Explorer ELD No. 4’ provides a fixed rate of 6.35% p.a. (before tax) if the both Kospi 200 Index and Hangseng China Enterprise Index ever exceeds the benchmark index by 30% or more on initial day, and rates of min 0% to max 18.05% p.a. depending on the worst performer's actual index growth if the Index does not ever outperform the benchmark index by 30% or more.

Customers who subscribe to both 'Korea China Explorer ELD No. 3 & 4’will get special rates on CD(6.0 %, before tax) up to their ELD subscription amount if they open both CD and ELD accounts with tenor of 1 year or more, 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 grow more volatile recently and varied investment products make negative returns, these Linked Deposits are drawing keen attention from customers who want 100% principal protection plus high returns. The Linked Deposits return full principal amounts to subscribers at maturity even if the concerned indices decline and offer opportunities to invest in diverse underlying assets without risking principal loss as long as they are not redeemed early.

*Note : Principal protection is assured only if the products are held to maturity. Early redemption results in rate of 0% and early redemption fees will risk principal. Even at maturity, the rate may be 0% depending on the movement of the linked index.

* 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 March in 2009) in Korea by providing a wide range of premier financial products and services with strengths as in-depth know-how and global network of Citi as well as more than 100 years of history and 200 million customers in more than 100 countries. CKI delivers new financial world to its customers through development of innovative financial products and services that encompass 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, women, diversity, community, and environment consistently in cooperation with sound non-profit organizations.

웹사이트: http://www.citibank.co.kr