Mirae Asset Securities Issues ELB No.3970, Raises 27.7% of Planned Amount

Mirae Asset Securities issued KRW 5,508,718,000 of ELB linked to Samsung Electronics (27.7% of planned 199 billion)
Issue price per security: KRW 9,950, face value KRW 10,000 (discount)
Monthly conditional coupon of 0.4375% (annual 5.25%), principal protected at maturity
Auto-call opportunities (5 times) if underlying >=80% of initial price; full face value repaid
Subscription shortfall led to partial allotment; no underwriters (self-issuance)
Proceeds used for hedging and redemption