Today, I would like to talk about a financial product that those interested in finance may have heard of at least once: the ELS, or Equity-Linked Securities. You may have heard of it as elf. Today, we will take some time to understand both ELS and elf products. I hope this will be very helpful for you.

Rather than going into every detail and specific aspect, I will focus on the basic structure of these products and the essential information we need to know. I will explain it in a straightforward manner. I want to emphasize that this discussion is not intended as a promotion or solicitation for any specific product.

Now, let me explain that there is a risk of principal loss associated with these products.

Since it is a product that can be quite risky, with the potential to reach a maximum factor, you need to have a basic understanding of the product structure. This foundational knowledge will be very beneficial when you later consult with bank employees. So, I think you can approach this with a light heart, as this is a preparatory time. Now, let’s move on to why we are discussing ELS (Equity-Linked Securities). Recently, banks have been offering very low interest rates, around 0.9% annually. This is quite low, and when you consider the fees involved, it becomes clear that we must be cautious. The low interest rates mean that one of the representative products is indeed the ELS product.

This means that I have been understanding it since earlier. I mentioned it separately as ef, but let's first grasp the basic concept. So, ELS refers to equity-linked securities, and ELF refers to equity-linked funds. If you ask what the difference between ELS and ELF is, explaining that would take a month, but since we don't have time, let me explain it very simply. ELS products are gathered together, and we can refer to them as E for pretty. So, I think we can move on from that. In this session, I will focus on one of the ELF products and try to secure it on a school stage. First, if you go into your bank's app or internet banking and click on the investment section, you will see products like this. When you look at the names of ELF products, you can find quite a bit of information just from the names of the products, but let's start with the ELS at the very end.

You can see that it clearly states derivative type. This means that it is an NF product that combines multiple ELS. In the middle, you can see the JIXS index. Depending on how the index moves, you could make a profit, or it could happen quickly or slowly, or you could incur a loss. Now, you might be curious about what the ten indices are. Many of you have probably heard of KOSPI. So, what is KOSPI? In simple terms, you can understand it as the market capitalization of companies listed on our country's exchange. KOSPI represents our country, but other countries also have their own indices. For example, the representative index for foreign countries is S&P 500, and the representative index for Japan is Nikkei.

이런 식으로 존재하는 부분인데, 이익의 래퍼 상품은 각 국가의 대표적인 진루를 다양하게 섞어서 조합하여 만들어낸 것입니다. 잘 탄다고 게시하는데, 상품만을 찝어 가지고 이제 조금 더 자세하게 설명하겠습니다. 앱스 유머 면 슬레이트입니다. 우리가 이제 출시 점 펀드로 가입할 때 보면, 주가가 오르면 수익이 나고 주가가 떨어지면 손해를 보는데, 얼만큼 수익이 날지 또 얼마나 손해를 볼지를 가입한 시점에는 미리 알 수가 없습니다. 여러분들 보통 해제하는 시점에 수익률이 저해지니까요. 그런데 이 래퍼 상품의 가장 큰 특징은 아트 상품에도 불구하고 기본적으로 우리가 가입을 하는 시점에 회의 사전에 정해져 있다는 것입니다. 크로스 이익률은 래퍼 상품들마다 다르겠죠. 그 다음에 특징 2는 상품의 만기가 기본 3년이라는 것입니다.

After signing up, you are not required to commit to a full three years. Instead, within that three-year period, if you meet certain conditions every six months, you can realize profits early. This is the most significant feature of this product. If you look at this product, you will see that the underlying assets are a combination of the S&P 500, Euro Stoxx 50, and KOSPI 200. You can also confirm that the investment return rate is 2.6% per year. The enrollment period for this product is from November 9 to November 10, allowing for a week of sign-ups. Now, as we look at the product description, you will notice that the investment risk rating is classified as grade 1, indicating a very high risk. It is emphasized and clearly marked. As with all investment products, it is important to note that there is no deposit protection.

Let me explain how profit realization works. In fact, I believe understanding this part is crucial. Initially, when you subscribe to the ELF product, we assume the prices of the three types of stock indices mentioned earlier to be at 100%. For example, as of January 16, the S&P 500 was approximately 3,572, the Nasdaq 100 was around 3,441, and the KOSPI 200 was about 329. At this point, we consider the prices of the underlying assets of the product to be at 100%. 

Then, these indices will fluctuate daily over the next six months. If, at a certain point, these indices are above 85% of the threshold, we will distribute the profits on the seventh day. Initially, we mentioned an annual return rate of 2.2%, but after six months...

조기 주의 출현이 됐으니까 2.1%의 수익이 난다는 겁니다. 그런데 이 6개월 되는 시점에 지수 중에서 단 하나라도 80% 못 할 때보다 더 밑으로 떨어져 있다면 이제 섹션이 되는 게 아니고 암기가 있길 괴롭게 밀린다는 겁니다. 그러면 이제 1년째 되는 시점에 다시 한번 G2로 보는 거예요. 이때도 마찬가지로 3가지 축가 지수가 처음 가입하는 시점 대비 85% 위에 있다면 수익 실현이 되는 거고요. 이때는 기간이 1년 차니까 연 2.2%의 수익률이 난다는 겁니다. 이런 식으로 쭉 정리를 하다 보면 가입한 이쯤에 100%로 났던 각각의 기초 자산의 가격이 6개월이 지난 시점에 80% 오픈, 그 다음의 1년째 되는 시점에 또 다시 5%, 1년 6개월이 되는 점은 80%이면 이 된 시점은 실수 5% 이내, 6개월 된 시점에 70% 이런 식으로 6개월마다.

Sometimes, the nephews need more than one. Now, let me present a very risky assumption. For example, let's say the index is close to a certain level, while other indices are moving around in a similar range. However, the index of the loss tax 50 has completely plummeted. For instance, if the market was at 68% when you joined, it was at 1,000, but immediately after joining, it dropped to 850 and remained there for two years and six months without any significant change. If we assume that the extension of the maturity is no longer possible, we need to consider how much the stock index would actually fluctuate at that one-year mark. At the second-year point, there are strange conditions where the final stock index is at 65% and another at 60%. The product I am using as an example this time is the one at 65%. Initially, when you joined, for example, it was at 1,000, but ultimately...

Let's assume that at the three-year mark, it has reached 662. Now, will someone who has subscribed to this product benefit or suffer losses? The performance is significant because the quality has dropped a lot, but it is still above 650. Since the agreement was made initially, there is a profit. In this case, since the period is fully three years, with an annual rate of 2.2%, the total would be 6.6%. 

On the other hand, let's consider the case of an investment in the E-Ro Stars 50, which at the three-year mark has been quite poor. It was supposed to be a good investment, but it has been hovering around 260 without any significant movement. By the end of the three years, if we assume it has dropped significantly, I would estimate that 90% of the initial investment would be lost.

Because we made a promise at the beginning, only when the final amount exceeds 65% compared to when you first joined, will there be an annual return rate of 2.2%. This is what we agreed upon. If it falls below that, then the entire amount will be a loss. Therefore, the ELF product has a possibility of losing the entire principal amount, which is a very, very scary product. I tried to explain this as simply as possible, but I hope it was helpful. The product structure I just explained is the most basic framework of the ELF product. After that, there are more complex products like Card Plus and Triple, which branch out from this basic structure. If you understand the basic structure I explained today, then the other products will feel like branches and won't be too difficult to grasp.

이 부분은 어려운 부분이라고 생각합니다. 다음으로는 설치 판매와 중도 환매 수수료 같은 개념도 중요합니다. 간단히 말씀드리면, 보통 0.7% 정도의 수수료가 발생합니다. 예를 들어, 천만 원짜리 보험에 가입한다고 하면, 그 중에서 은행이 손실을 보게 됩니다. 하지만, 모바일이나 1세대 베개를 통해 가입하게 되면, 스스로 0.4%로 절감되는 효과가 있습니다. 그리고 판매 주소로는 EF 상품에 가입한 후 조기 상환 조건이 결정되기 전에, 급하게 이 상품을 중도 환매해야 하는 경우가 발생할 수 있습니다. 이는 일종의 패러디 개념으로, 가입한 지 6개월이 안 된 시점에 해당합니다.

If you decide to cancel, there will be a 7% fee for the first transaction, and after six months, there will be a 5% fee on the sale amount. Therefore, before signing up, you should carefully consider whether there will be any circumstances that would require you to withdraw within a maximum of three years. After thorough consideration, you need to make your decision. I would like to emphasize that today we will conclude the discussion about this app and its products.

ELS, ELF가 뭔지 세상 쉽게 알려주는 은행원 [투자상품 뽀개기]

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