Kiwoom Securities Sells 6-Month Pre-Tax 5% Annual Brokerage ISA ELB

Kiwoom Securities announced on the 22nd that it will sell a special ELB exclusively for brokerage-type ISA accounts until 1 PM on the 28th of this month.

Kiwoom Securities will sell a special ELB exclusively for brokerage-type ISA accounts until 1 PM on the 28th of this month. Kiwoom Securities

The 788th special ELB being sold this time is a 6-month maturity product with a pre-tax annual interest rate of 5%, based on Samsung Electronics common stock as the underlying asset. Any customer holding a Kiwoom Securities brokerage-type ISA account can subscribe.

If the closing price of Samsung Electronics common stock, the underlying asset, exceeds 200% of the initial reference price on the maturity evaluation date, an additional return of 0.01% of the investment amount will be paid. Even in the case of early redemption at the investor's request, a pre-tax annual return of 2.5% can be earned on a pro-rata basis.

Within a total limit of 5 billion KRW, if the competition rate is high, allocation will be made proportionally according to each investor's subscription amount (allocated by dividing the subscription amount in proportion to the subscription competition rate). Any remaining refund amount after allocation will be returned on the subscription closing date.

ELB is an equity-linked bond, a bond-type product whose returns vary depending on the price fluctuations of the underlying asset. It is a low-risk product with principal and returns paid, but if a credit event (bankruptcy, default) occurs with the issuer, principal loss may occur. Kiwoom Securities' credit rating is AA- (as of 2024.03.25, Korea Ratings).

Kiwoom Securities is also conducting an event where customers who make their first transaction in a brokerage-type ISA account are entered into a draw to receive US stocks such as Apple and Tesla.

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