Meritz Securities Partners with Toss Bank... Selling Principal-Protected DLB

Subscription Available in 'Mokdon Gulligi' Menu

Meritz Securities announced on the 24th that it will sell principal-protected other derivative-linked bonds (DLB) until the 25th.

DLBs are derivative-linked securities issued based on underlying assets such as commodities, currencies, agricultural products, and interest rates. Unlike equity-linked securities (ELS) that can incur significant losses depending on the fluctuations of the underlying assets, DLBs invest more than 90% in relatively safe bonds and invest the remainder in derivatives to generate excess returns.

This DLB is a 3-month principal-protected product based on the USD/KRW exchange rate. It can yield a maximum pre-tax annual return of 6.00%, with a minimum guaranteed pre-tax return of 1.80%. If, during the 3 months from the issue date, the USD/KRW exchange rate’s transaction reference rate never rises or falls more than 40 KRW from the initial reference price, a pre-tax annual return of 6.00% and principal will be paid.

Even if the USD/KRW exchange rate’s transaction reference rate rises or falls more than 40 KRW from the initial reference price at any time during the 3 months after the issue date, a pre-tax annual interest of 1.80% and principal will be paid. The subscription period is until noon on the 25th.

Subscriptions for the DLB can be made after opening Meritz Securities’ digital comprehensive investment account ‘Super365’ in the ‘Big Money Management’ menu within the Toss Bank application.

This is the first time Meritz Securities is introducing financial products through Toss Bank. Meritz Securities previously formed a business partnership in May. They plan to introduce financial products based on Toss Bank’s highly convenient user environment.

However, this product is not protected under the Depositor Protection Act. Meritz Securities’ credit rating by Korea Ratings is AA- (stable). Although the DLB is a financial investment product for which the issuer is responsible for principal and interest payments, repayment may not be guaranteed depending on the issuer’s creditworthiness.

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