NH NongHyup Bank Launches 'Principal-Protected' ELD No. 26-9... Up to 7.9% Annual Return
Offered in Two Types: Stability I and Yield I
NH NongHyup Bank announced on September 11th that it has launched the "Equity-Linked Deposit (ELD) No. 26-9," which guarantees the principal upon maturity and offers the possibility of additional returns.
This product is a one-year maturity instrument whose yield is determined based on fluctuations in the KOSPI 200 Index, which serves as the underlying asset. It is available in two types: Stability I and Yield I.
The Stability I type does not apply knockout conditions and offers an annual return of 3.5% to 3.65%, depending on the performance of the underlying index.
The Yield I type applies a condition where the return is fixed early if the underlying index rises to a certain level by the maturity decision date. Individuals can earn returns ranging from 3% to 7.9% per annum, while corporations can receive 2.85% to 7.75% per annum.
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