NH Nonghyup Bank Launches Principal-Protected Equity-Linked Deposit (ELD) 25-7

NH Nonghyup Bank announced on September 22 that it will launch the 25-7th issue of its Equity-Linked Deposit (ELD), which guarantees both principal and minimum contracted interest upon maturity, while offering the potential for higher additional returns.

This product is a one-year maturity product based on the KOSPI 200 index as the underlying asset, with returns determined by index fluctuations. It is available in three types: Return Type I, II, and III.

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Return Type I offers returns if the maturity index rises by 0% to 20% compared to the initial index; Type II provides returns if the maturity index is between -10% and 10% of the initial index; and Type III offers returns if the maturity index rises by 0% to 25% compared to the initial index. Individuals (corporations) can receive annual returns ranging from 1.5% to 5.0% (1.5% to 4.5%).

The subscription period is from September 22 to September 30, and customers can sign up at branches nationwide, through internet banking, smart banking, and the All One Bank app.

An official from Nonghyup Bank stated, "During a period of declining interest rates, equity-linked deposits can be an appropriate alternative product, as they guarantee principal and offer the potential for additional returns."

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