Mirae Asset Securities to Issue KRW 24.875 Billion Equity-Linked Bonds (ELB) Linked to Samsung Electronics
Mirae Asset Securities is publicly offering two series of Equity-Linked Bonds (ELB): 3977th (KRW 9.95 billion) and 3978th (KRW 14.925 billion), totaling KRW 24.875 billion, limited to Hana Bank trust clients.
Underlying asset: Samsung Electronics common stock. Maturity: June 5, 2029 (approx. 3 years). Non-listed, not protected by the Depositor Protection Act.
Series 3977 (Low Risk/Level 5): Auto-call at 70% of initial price (annual return 5.80%), principal protected at maturity if barrier breached (100% payment); max annual return 5.80%.
Series 3978 (Low Risk/Level 5): Monthly coupon (0.495% if underlying closes at 60% or more of initial; annual 5.94%), auto-call at 75% (face value), principal protected at maturity (100% payment); max annual return 5.94%.
Issue price: KRW 9,950 per note (face value KRW 10,000). Net proceeds approx. KRW 24.874 billion, to be used for hedging and other investments.
Issuer credit rating AA (by KIS, NICE, KR), unsecured and unguaranteed, subject to issuer credit risk.