DB Financial Investment to Sell ELS, ELB, and DLB Until the 21st
[Asia Economy Reporter Eunmo Koo] DB Financial Investment is selling three types of products?Equity-Linked Securities (ELS), Equity-Linked Bonds (ELB), and Derivative-Linked Bonds (DLB)?until the 21st.
The ‘DB Happy Plus ELS No. 2150’ is a 3-year maturity product based on the Hong Kong H Index (HSCEI), Nikkei 225 Index, and Euro Stoxx 50 Index. On the automatic early redemption evaluation dates every 6 months, if the automatic early redemption evaluation price of all underlying assets is at least 90% (at 6 and 12 months), 85% (at 18 months), 80% (at 24 months), or 75% (at 30 months) of the initial reference price, it pays an annual return of 4.5%. Even if early redemption does not occur, if on the maturity evaluation date the maturity evaluation price of all underlying assets is at least 65% of the initial reference price, it pays the principal plus a pre-tax return of 13.5% (4.5% annually). However, if any one of the underlying assets has a maturity evaluation price below 65%, principal loss may occur based on the asset with the largest decline.
Principal-protected products DLB and ELB are sold to new customers who opened accounts for the first time in 2019?2020 and existing customers enrolled in DB Financial Investment’s Individual Savings Account (ISA).
The ‘DB Safe No. 523 ELB’ is a 1-year maturity product based on the KOSPI 200 Index. During the evaluation period, if the closing price of the KOSPI 200 Index never exceeded 115% of the initial reference price and the maturity evaluation price of the underlying asset is between 100% and 115% of the initial reference price, a maximum return of 5% is paid. If the underlying asset price exceeded 115% at any time or the maturity evaluation price is 100% or less, a 2% return is paid.
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The ‘My First DB DLB No. 44’ is a 3-month maturity product based on the final bid yield of the 91-day Certificate of Deposit (CD). If the maturity evaluation price is 10% or more, a pre-tax annual return of 2.71% is paid; if less than 10%, a pre-tax annual return of 2.7% is paid. Existing ISA customers must not have subscribed to special DLB, DLS, or ELB products since 2019 to be eligible.
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