Decision to Issue 20 Billion Won ELBs Linked to KOSPI200 and Samsung Electronics
Mirae Asset Securities issues two series of Equity-Linked Bonds (ELB): 3966th (100 billion won) and 3968th (100 billion won), totaling 200 billion won, with principal protection at maturity and classified as low risk.
Series 3966 has a 547-day maturity (Oct 29, 2027); if both underlying assets close at or above 200% of initial strike, annual return is 3.5806%; otherwise 3.5800%; simulation shows zero loss probability.
Series 3968 has a 274-day maturity (Jan 29, 2027); if both underlying assets close at or above 200% of initial strike, annual return is 3.3312%; otherwise 3.3300%; simulation shows zero loss probability.
Both series are linked to KOSPI200 Index and Samsung Electronics common stock, unlisted, subscription restricted to retirement pension funds, subscription period on Apr 30, 2026 only.
Issuer credit rating AA, issuance costs 5 million won (2.5 million per series), net proceeds each 9,999.5 million won; proceeds will be used for hedging transactions and other investments.