Mirae Asset Securities Issues 21 Billion Won in ELS Linked to Samsung Electronics and SK Hynix High-Risk Products
Mirae Asset Securities' shelf registration prospectus for its 37933rd to 37935th ELS became effective on July 6, 2026. The total offering amounts to 21 billion won, linked to common stocks of Samsung Electronics and SK Hynix, classified as high-difficulty financial investment products with the highest risk grade 1.
Each of the three tranches targets 7 billion won with maturities ranging from 1 to 3 years and early redemption features. The issuer's credit rating is AA, and the proceeds will be used for hedging and other investment activities.
These ELS are principal-unprotected with a maximum potential loss of 100% of principal and are not covered by the depositor protection act. Investors are subject to a cooling-off period and may incur losses upon early redemption.
[AI Summary]The issuance of 21 billion won ELS by Mirae Asset Securities is a routine business activity with limited impact on its stock price. While the products are high-risk, the issuer's strong creditworthiness mitigates default risk. Given the recent peak levels of the underlying stocks, investors should be fully aware of the principal loss risk.