Hanwha Investment & Securities Launches CD Rate-Linked Principal-Protected 'PLUS DLB No.2'
Hanwha Investment & Securities announced on October 1st that it has launched the CD Rate-Linked Principal-Protected Derivative-Linked Bond (DLB) called 'PLUS DLB No.2'.
'PLUS DLB No.2' will be issued with a total subscription limit of 30 billion won and is a principal-protected product based on the 91-day Certificate of Deposit (CD) rate as its underlying asset.
This product accumulates annual pre-tax returns of 7.5% for the number of days the 91-day CD rate is at or below 4.4%, and regardless of interest rate fluctuations, 100% of the principal is paid at maturity or upon early redemption.
The product has a 5-year maturity structure, with interest paid in installments once a year. Compared to a bullet payment at maturity, this structure facilitates comprehensive financial income tax management and annual cash flow planning. (Note: The issuer may exercise early redemption at its discretion every September.)
This product can be subscribed to with a minimum of 1 million won through Hanwha Investment & Securities MTS (Mobile Trading System), HTS (Home Trading System), all nationwide branches, and the PLUS Asset Strategy Team until 3:30 p.m. on October 7th. Subscriptions may close early if the limit is reached.
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Seungyoung Park, Head of the PLUS Asset Strategy Team at Hanwha Investment & Securities, said, "This is a competitive product that secures principal stability and seeks rates higher than deposits in times of increased market volatility. We expect it will serve as a useful alternative investment for investors who prefer a stable income stream."
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