Issuance of 2 ELB Tranches Worth 20 Billion Won, Underlying KOSPI200 and Samsung Electronics, Low Risk Grade
Mirae Asset Securities publicly offered two equity-linked bonds (ELB): 3966th (maturity 547 days) and 3968th (maturity 274 days), each worth 10 billion won (total 20 billion won).
Underlying assets are KOSPI200 Index and Samsung Electronics common stock. If both assets' final prices exceed 200% of initial price, annual return of 3.58% (3966) or 3.33% (3968); otherwise, principal plus small return (same annual rates). It is a principal-protected structure (low risk grade).
These bonds are not protected by the Depositor Protection Act. Issuer credit rating is AA (by three agencies). They are unlisted, thus liquidity is limited.
Proceeds will be used for hedging in underlying assets and derivatives.
The shelf registration statement showed total actual issuance of about 9.43 trillion won (remaining 3.07 trillion won) during the period; this issuance is within that limit.