Korea Investment & Securities, Recruiting for 'TRUE ON T ELB 3rd Issue'

Korea Investment & Securities, a subsidiary of Korea Financial Group, announced on the 30th that it has launched a type 1 Equity-Linked Bond (ELB).

The TRUE ON T ELB 3rd issuance is a 1-year principal-protected product based on the Standard & Poor's 500 (S&P 500) index. If the underlying asset is within 85% to 100% of the initial reference price on the maturity evaluation date, it pays an annual return of 6.7% and is redeemed. Separately, if the underlying asset is below 85% or above 100% of the initial reference price, it pays an annual return of 2% and is redeemed.

The subscription period is from September 30 to October 4, until 12 PM. This product is exclusively available online and can be subscribed to by opening a Korea Investment & Securities Bankis account through the ‘Mokdon Gulli-gi’ menu in the Toss Bank app. It is not covered by the Depositor Protection Act.

Meanwhile, Korea Investment & Securities is striving to enhance asset management synergy through collaboration with Toss Bank. To offer customers a variety of products, it plans to launch new products weekly to build a broad lineup.