Published 26 Apr.2023 14:08(KST)
Korea Investment & Securities, a subsidiary of Korea Financial Group, announced on the 26th that it will募集 two types of maturity booster-type equity-linked securities (ELS) products, each with a limit of 5 billion KRW.
The maturity booster-type ELS is a product whose profit and loss are determined by the fluctuation compared to the initial reference price if held until maturity. Even if the early redemption condition is not met, if the maturity evaluation price is 100% or more of the initial reference price, 200% of the increase rate is paid as profit. If it is below, losses may occur up to 100% of the principal according to the decline rate.
'True ELS 15985' is a 1-year maturity product based on the US e-commerce company Amazon. Redemption is judged once at the 6-month mark, and if the underlying asset is 90% or more of the reference price, a 7% profit is paid and early redemption occurs.
'True ELS 15986' is a 1-year maturity product based on the US electric vehicle company Tesla. Redemption is judged once at the 4-month mark, and if the underlying asset is 85% or more of the initial reference price, a 7% profit is paid and early redemption occurs.
The subscription period for general individual investors is until the 27th. According to the investor cooling-off system, there will be a cooling-off period from the 28th to May 2nd, and investors can confirm their subscription intention from the 3rd to 10 a.m. on the 4th.
An ELS new product maturity booster event will be held until the 28th. By adding the ‘TRUE ELS Korea Investment & Securities’ channel and entering the event, 450 people will be selected by lottery to receive generous prizes such as chicken exchange coupons. For more details, please check the Korea Investment & Securities website and the ‘Korea Investment’ app.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.