Mirae Asset Securities ELS Issuance Massively Undersubscribed: Actual Raised 0.74 Billion Won (2.5% of Planned)

Mirae Asset Securities' 36655th ELS issuance raised only 0.74 billion won, 2.5% of the planned 29.7 billion won.
Product: Linked to EUROSTOXX50, S&P500, NIKKEI225; principal not guaranteed; subscription period only 1 day (May 14, 2026).
Auto early redemption: 1-4th at ≥75%, 5th at ≥70%; maturity loss if any index falls below 60%.
Issuance proceeded as subscriptions exceeded cancellation threshold of 0.495 billion won, but demand was extremely weak.
Indicates poor investor sentiment and potential contraction in ELS market.