Kyobo Securities announced on June 10 that it will be offering subscriptions for one type of Hi-Five principal-protected equity-linked bond (ELB) until June 16.
The 398th ELB is a three-year maturity product based on the KOSPI 200 Index as its underlying asset. It offers early redemption opportunities every six months and provides a pre-tax annual yield of 4.2% if the conditions are met.
If the price of the underlying asset is at least 100% of the initial reference price on the automatic early redemption evaluation dates and the maturity evaluation date, an annual yield of 4.2% will be paid. If the maturity evaluation price of the underlying asset is less than 100% of the initial reference price, the principal will be returned.
The minimum subscription amount for this product is KRW 1,000,000, and subscriptions can be made in increments of KRW 100,000. There is a risk of principal loss in the event of early redemption.
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