‘100% Principal Protection plus Maximum Return of 12.94 % p.a.…Citibank Korea Equity Linked Deposit (ELD)

SEOUL--(Korea Newswire)--Citibank Korea (CEO, Ha Yung Ku, www.citibank.co.kr) has launched 'Kospi 200_UP ELD’ that will be on offer temporarily until July 25th. These products are time deposits whose principal is partially or totally linked to market index, and are suitable for customers who want their principal amounts to be protected at maturity or who seek investment returns that are greater than those of ordinary time deposits.(As fees are charged on early redemption, investors may be exposed to potential principal loss)

‘Kospi 200_UP ELD’ offers 12.94% p.a.(before tax) of maximum yield and has a tenor of 1.5 year, and is linked to Index of Kospi 200. ‘Kospi 200_UP ELD’ provides a fixed rate of 5.0% p.a. (before tax) if the both prices ever exceeds the benchmark price by 30% or more on initial day, and rates of min 0% to max 12.94% p.a. depending on the actual growth of the Kospi 200 Index if it’s price does not ever outperform the prices on initial day by 30% or more.

Customers will get special rates on CD 4.9 %(annual, before tax) and Time Deposit 4.7%(annual, before tax)up to their ELD subscription amount if they open both ELD and CD or Time Deposit accounts with tenor of 1 year or more, which will be an excellent opportunity for customers to enjoy rates higher than BM rate or exception rates normally offered for deposit products.

As financial markets grow more volatile recently and varied investment products make negative returns, these Linked Deposits are drawing keen attention from customers who want 100% principal protection plus high returns. The Linked Deposits return full principal amounts to subscribers at maturity even if the concerned indices decline and offer opportunities to invest in diverse underlying assets without risking principal loss as long as they are not redeemed early.

*Note : Principal protection is assured only if the products are held to maturity. Early redemption results in rate of 0% and early redemption fees will risk principal. Even at maturity, the rate may be 0% depending on the movement of the linked index.

Website: http://www.citibank.co.kr

This is a news release distributed by Korea Newswire on behalf of this company.