DB Financial Investment Sells 3 Products Including KOSPI200 Leverage Index ELS
[Asia Economy Reporter Koo Eun-mo] DB Financial Investment announced on the 10th that it will sell three types of products?Equity-Linked Securities (ELS), Other Derivative-Linked Bonds (DLB), and Equity-Linked Bonds (ELB)?until the 13th.
The “DB Happy Plus ELS No. 2157,” based on the KOSPI200 Leverage Index, is a 3-year maturity product. On automatic early redemption evaluation dates, if the underlying asset’s price is at least 95% (4 months), 90% (8, 12 months), 88% (16 months), 85% (20, 24 months), 80% (28 months), or 75% (32 months) of the initial reference price, an annual return of 6% is paid. Even if early redemption does not occur, if the underlying asset’s price at maturity evaluation is at least 65% of the initial reference price, an 18% (6% per annum) return is paid. However, if the maturity evaluation price is below 65%, principal loss may occur depending on the decline rate of the underlying asset.
Principal-protected products DLB and ELB are sold to new customers who first opened accounts in 2019?2020, dormant customers with balances under 100,000 KRW who have had no transactions within one year, and existing customers enrolled in DB Financial Investment’s Individual Savings Account (ISA).
“My First DB DLB No. 47” is a 3-month maturity product. If the final bid yield of the 91-day negotiable certificate of deposit (CD) at maturity evaluation is 10% or higher, an annual return of 2.71% is paid; if below 10%, an annual return of 2.7% is paid. ISA existing customers must not have subscribed to special DLB, DLS, or ELB products since 2019 to be eligible.
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“DB Safe No. 529 ELB” is a 1-year maturity product. If during the evaluation period the KOSPI200 index closing price never exceeded 115% of the initial reference price and the underlying asset’s maturity evaluation price is between 100% and 115% of the initial reference price, a maximum return of 5% is paid. If the underlying asset’s price has ever exceeded 115% of the initial reference price or the maturity evaluation price is 100% or below, a 2% return is paid.
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