Mirae Asset Securities Issues KRW 10B KOSPI200-Linked ELB – Principal-Protected Product with Limited Impact on Shareholder Value
[Issuance Overview] Mirae Asset Securities will publicly issue KRW 10 billion (1,000,000 securities at KRW 10,000 each) of the '3983rd Equity Linked Bond (ELB)' with payment due June 11, 2026. The bond is linked to the KOSPI200 index and is unlisted (over-the-counter).
[Return Structure and Principal Protection] The product offers principal protection: if the final valuation price is 200% or more of the initial price, 103.26% of face value (pre-tax 3.26% p.a.); if below 200%, 103.25% (3.25% p.a.). Historical simulation shows 98.29% probability of 3.25% return, with zero loss scenarios.
[Use of Proceeds] The raised funds will be used for hedging (risk management) of the underlying asset and related financial investments, not for general corporate purposes. This aims to ensure stable repayment, with no direct dilution or burden on existing shareholders.
[Risk Factors and Notes] This product is not protected by the Deposit Insurance Act. It is an unsecured, unguaranteed debt based on the issuer's credit rating (AA). Early redemption may result in principal loss, and liquidity is low due to no exchange listing. Minimum subscription is KRW 1 million, and issuance may be canceled if total subscription is below KRW 1 billion.
[Shareholder Returns and Financial Impact] This issuance is new debt financing unrelated to existing shares. There is no direct link to share buybacks, cancellations, or dividends. The disclosure does not include specific BIS ratio, NPL, or other financial soundness indicators.
[AI Comprehensive Analysis]This disclosure is a routine issuance of derivative-linked bonds with no material impact on corporate value or shareholder rights. It is a neutral event. From an investor perspective, it is a low-risk principal-protected product, but its direct effect on the issuer's stock price is limited, and the use of proceeds is purely for hedging, not growth-driven.