‘100% Principal Protection plus Maximum Return of 8.00 % p.a. - Citibank Korea Equity Linked Deposit (ELD)
‘’Hyundai Motors ELD 2’ offers 8.0% p.a.(before tax) of maximum yield and has a tenor of 1 year, and is linked to stock price(closing price) of Hyundai Motors. ‘Hyundai Motors ELD’ provides a fixed rate of 4.0% p.a. (before tax) if the stock price(closing price) of Hyundai Motors ever exceeds the benchmark index by 30% or more on initial day, and rates of min 0% to max 8.0% p.a. depending on the index's actual growth if the index does not ever outperform the stock price(closing price) of Hyundai Motors on initial day by 30% or more.
‘Kospi Digital ELD’ offers 6.0% p.a.(before tax) of maximum yield and has a tenor of 1 year, and is linked to Kospi 200 Index. ‘Kospi Digital ELD’ provides a fixed rate of 6.0% p.a. (before tax) if the Kospi 200 Index on expiration date is at or above the benchmark index by 6% or more on initial day, otherwise the rate would be 0%.
Customers who subscribe to 'Hyundai Motors ELD 2’ or ‘Kospi Digital ELD‘, will get special rates on CD(3.7 %, 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.
Website: http://www.citibank.co.kr
Contact
Shin, Hyeon Jeong
Communication Dept.
Citibank Korea Inc.
+82-2-3455-2330
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This news is a press release provided by Citibank Korea Inc.. Korea Newswire follows these editorial guidelines.
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3월 28일 16:56