Mirae Asset Securities Issues 29.7 Billion Won in ELS Series 36678, High-Risk Principal-Protected Product with Neutral Shareholder Impact
Mirae Asset Securities is issuing 3,000,000 ELS at 9,900 won per security, totaling 29.7 billion won through a public offering.
This principal-unprotected ELS is linked to EUROSTOXX50, S&P500, and KOSPI200 indices, with a maximum loss of 100% of principal at maturity or early redemption, and is not covered by deposit insurance.
The issuer, Mirae Asset Securities, has a credit rating of AA, but the securities are unlisted and early redemption may result in principal loss. Proceeds will be used for hedging.
[AI Summary]This 29.7 billion won ELS issuance by Mirae Asset Securities does not dilute common equity and funds are used for hedging, resulting in neutral shareholder value impact. Despite high-risk product structure and lack of listing, the issuer's AA credit rating provides stability.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)