IBK launches index-linked deposit with returns up to 9.1%

  • IBK launched the IBK Index-Linked Deposit 26-2nd Series.
  • The Rising Knockout Type offers annual returns from 1.0% to 9.1%.
  • Subscriptions start at 1 million won and run through October 15.

Industrial Bank of Korea (IBK) launched the IBK Index-Linked Deposit (ELD) 26-2nd Series on the 2nd, offering principal protection and returns based on the KOSPI 200 index when held to maturity. The Rising Knockout Type 6-Month pays between 1.0% and 9.1% annually if the comparison index rises by no more than 30% from the base index. If the comparison index exceeds that level even once, the annual rate is fixed at 1.0%; the same minimum rate applies if the index falls or does not rise. The Stable Upside Pursuit Type 6-Month has no knockout condition and pays between 2.0% and 5.0% annually based on the index growth rate. A rise of more than 40% results in a 5.0% annual rate, while no increase or a decline produces 2.0%. The minimum subscription is 1 million Korean won, the total sales limit is 20 billion Korean won, and the products will be sold at branches and through mobile banking until October 15.

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