Samsung's 'Visible ELF' Fully Repaid Early... Annual 4.7%

[Asia Economy Reporter Junho Hwang] Samsung Asset Management's Samsung Visible ELF No. 3 achieved early redemption conditions, resulting in the early redemption of six Samsung Visible ELF series on the 19th.

After the launch of Samsung Visible ELF No. 3, one of the underlying indices, the European index, dropped to 62.1% due to the COVID-19 shock. Subsequently, as the market recovered, the closing prices of the underlying assets S&P 500, EUROSTOXX50, and NIKKEI225 indices on the second evaluation date, the 18th, were 116.13%, 95.9%, and 130.4% of the initial reference price, respectively, meeting the redemption criterion of 90%. Accordingly, investors will receive their principal along with an annual return of 4.7%. The redemption payment will be made on the 23rd.

Meanwhile, Samsung Asset Management has not launched new products since July last year, adhering to the principle of not selling unless a satisfactory coupon yield is available for customers. If market conditions improve and a stable coupon yield can be offered to investors, new product information will be shared via the KakaoTalk R2 channel and text messages. R2 is Samsung Asset Management's mobile fund direct sales channel. It can be accessed through the finance tab in the Samsung Card application and the R2 mobile website. In addition to the Samsung Visible ELF series, various EMP funds and bond funds are also offered.

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