The securities firm has marketed a non-principal protected note with ESG elements in a move to support the parent’s ESG commitment and capture better returns.
In a first for the equity-linked securities (ELS) market, the subsidiary of KB Financial Group has launched a step-down autocallable ELS which struck on 7 April, tracking a basket comprising the Kospi 200, Euro Stoxx 50 ESG and S&P 500 ESG with a worst-of-option, SRP data shows. It was sold to private bank and wealth management clients at KRW970m (US$868,270). The three-year structure which has a barrier of 45% with the knockout level decreasing by 5% progressively at every semiannual obser
Continue reading and get unlimited access for 7 days with a free trial of SRP.
Get a free trialAlready a subscriber? Login