Mirae Asset Issues KRW 50B Principal-Protected ELB on Samsung Electronics
Mirae Asset Securities issues 3893th series ELB: total KRW 50 billion, KRW 10,000 per bond, 3-year maturity (2029.02.20).
Underlying: Samsung Electronics common stock. Monthly coupon: 0.575% (6.9% p.a.) if stock price >= 80% of initial on evaluation date.
Automatic early redemption: semi-annual evaluation, if stock price >= 95% of initial, principal 100% repaid. At maturity, principal fully protected even if stock declines.
Issuer credit rating AA (Mirae Asset), not deposit-insured, non-listed.
Historical simulation (4,962 trials): 71.99% early redemption at 1st evaluation, 0% loss scenarios.