Tuesday, March 21, 2017

Woori Bank, "Our bank Champ composite '17 -2 heading 'sales



[Korea sinyuncheol financial newspaper reporter] that our bank (Bank yigwanggu) is 21 days of this month from April 3 complex deposits 'We Champ complex deposits in '17 -2 heading' sales limit of 20 billion won in sales from it said Tuesday.

Consists of a 'we call Champ complex deposits in '17 -2' is ascending into a composite deposit interest rate which is determined by fluctuations in the KOSPI 200 Index, verifiable, range-type, interactive type of four types.

'Ascending' is If you have never risen beyond the (reference index decision-maturity indices decision) based on index contrast index is 15% of the subscription period will pay a rate of interest in terms of 52% of the index rate a year (the highest annual 8.3% ) or have risen by more than 15 per cent of the maturity period, when compared to the reference index will be paid index fell to a return of 0.5% a year.

'Stable' due shall be paid when the reference index when the index rises more than 1% compared to only a 3% annual rate of return, more than 0% increases less than 1% in terms of annual growth rate of 300% of the index. If the index is due to decline compared to the reference index is only guaranteed principal.

"Range Type" is only the principal is guaranteed at maturity if the index closing KOSPI200 is in the range from -10% to + 10% compared to the first base price and will pay annual interest of 2.5% otherwise.

"Two-way type 'is divided into two interest rate is determined when the case dropped and the index at maturity have been higher than the baseline. If the closing price of the subscription period has never risen beyond 15% paid up shares rose 5.48 percent annual inflation according to the index to have risen in excess of 15% shall be paid to confirm a 1% annual interest rate. Conversely price at maturity If you have paid the highest annual decline 5.48% and exceeding 15% shall be paid to finalize the annual interest rate of 1% decline in the index if you have not fallen to the closing price of the period is equal to or exceeds 15% exponential decline than the reference point.

Can join only 'our combined deposits Champ '17 -2 Arc gyejwadang more than 1 million won and the subscription period is 1 year and 18 months. At maturity at the time of termination, the termination of guaranteed principal product or moderate may occur due to the loss of some of the principal prepayment fee.





Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com