Samsung Asset Management's 'Visible ELF No.3' Mobile Direct Sales... Seeking 4.7% Annual Returns

Recruitment on Mobile Direct Sales Platform 'R2' Until the 17th

Photo by Samsung Asset Management

[Asia Economy Reporter Kum Boryeong] Samsung Asset Management is launching mobile direct sales for the 'Samsung Visible Equity-Linked Fund (ELF) No. 3.'

Samsung Asset Management announced on the 10th that it will recruit for the 'Samsung Visible ELF No. 3' on the mobile direct sales platform 'R2' until the 17th.

This product is based on the S&P 500, EUROSTOXX 50, and NIKKEI 225 indices. It aims for an annual return of 4.70%. Every six months, on the early redemption evaluation date, if the prices of all three underlying assets are at least 95% (6 months), 90% (12 months), 85% (18 months, 24 months), or 80% (30 months) of the initial reference price, early redemption occurs with a 4.70% annual return. If even one asset does not meet the condition, early redemption will not occur.

If early redemption does not occur and the fund matures (36 months), and on the final reference price determination date the prices of all three underlying assets are at least 65% of the initial reference price, a return of approximately 14.10% (4.70% annually) will be paid. However, if even one asset is below 65% of the initial reference price, a loss will occur based on the maturity return of the most depreciated underlying asset.

The upfront sales commission for this product is 0.40% of the payment amount. The total fee is 0.011% annually for the first six months and 0.002% annually thereafter.

R2 is Samsung Asset Management's direct fund sales brand. Investors wishing to purchase ELF can join R2 by selecting the investment tab within the financial tab of the Samsung Card + App Card application.

Along with the fund launch, R2 is conducting three events. Until the 21st, the first 300 customers who open a new account on R2 will receive 20,000 KRW in cash. For the attendance event, customers who verify attendance on 'R2 TokTok' will receive 1,000 KRW daily for up to 300 people per day, and if they attend for 12 consecutive days, an additional 12,000 KRW will be paid. The first 200 customers who subscribe to this fund will receive 20,000 KRW in cash on a first-come, first-served basis, and 100 customers who invest more than 500,000 KRW will receive an additional 10,000 KRW Shinsegae gift certificate e-gifticon.

This content was produced with the assistance of AI translation services.