Citibank Korea Launches 2 Equity Linked Deposit (ELD) Products

뉴스 제공

2010-04-29 09:40

서울--(뉴스와이어)--Citibank Korea (CEO, Ha Yung Ku, www.citibank.co.kr) has launched ‘Global Basket ELD’ and ‘Korea/HongKong/China Dream ELD’ that will be on offer temporarily until May 13, 2010. These products are time deposits whose principal is 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)

‘Global Basket ELD’ has a tenor of 2 year and depends on the performance of Kospi 200 Index, S&P500, HSI Index, HSCEI Index. The rate of ‘Global Basket ELD’ is linked to average growth of bi-annually selected indexes, when once selected the index cannot be chosen again.

‘Korea/HongKong/China Dream ELD’ offers a maximum yield of 12.17 % p.a. (before tax) on tenor of 1.5 year, and is linked to Kospi 200 Index, HSI Index, HSCEI Index. ‘Korea/HongKong/China Dream ELD’ provides a fixed rate of 4.0% p.a. (before tax) if the worst performer of the three Indexes at maturity ever exceeds the benchmark index by 30% or more, and rates of min 0% to max 12.17% p.a. (before tax) depending on the index's actual growth if the index does not ever outperform by 30% or more.

Customers who subscribe to ‘Global Basket ELD’ and ‘Korea/HongKong/China Dream ELD’, will get special rates on CD(3.9 %, 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.

한국씨티은행 개요
씨티은행은 1967년 최초로 한국에 진출한 이래 45년 동안 선진 금융 서비스를 국내 고객에게 제공해 왔으며, 2008년 글로벌 금융위기 때 8억불을 증자해 국내 외환시장 안정에 기여했고, 1970년대 석유 파동시 2억불 차관 제공으로 한국의 무역수지 개선에 기여한 공로로 수교훈장 ‘숭례장’을, 1997년 외환위기 당시 240억불 대외 부채 상환 연장에 기여한 공로로 수교훈장 ‘흥인장’을 받는 등 한국 경제가 어려움에 처할 때에 곁에서 힘이 돼 준 친구 같은 은행이다.

웹사이트: http://www.citibank.co.kr