Mirae Asset Securities issues ELB Series 3892: Total offering USD 9,990,000 (approx. KRW 14.35 bn), public offering limited to Shinhan Bank trust customers.
Underlying: S&P500 index; maturity 6 months (Feb 23, 2026 – Aug 25, 2026); not listed.
Return structure: If final price <200% of initial, 3.800% p.a.; if ≥200%, 3.810% p.a. (pre-tax). Principal protected at maturity.
Issuer credit rating: AA (NICE, KIS, Korea Ratings; 2025); unsecured, not covered by deposit insurance.
Early redemption: Up to 6 months after issuance at 90% of fair value, thereafter at 95%+ (potential principal loss).
Cancellation condition: If total subscription < USD 499,500, issuance may be canceled.