Mirae Asset Securities Files Additional Documents for Derivative-Linked Securities, Discloses High-Risk Products and AA Credit Rating
Mirae Asset Securities has disclosed the status of its derivative-linked securities issuance through an additional filing. Out of the total planned issuance of 15 trillion KRW, approximately 1.77 trillion KRW has been issued so far, with this additional offering totaling 195 billion KRW.
The products being issued include equity-linked securities with underlying asset volatility reaching up to 94% and maximum principal loss of 100%, indicating very high risk. They are not protected by the Depositor Protection Act and are unsecured unguaranteed securities.
The issuer Mirae Asset Securities has an excellent credit rating of AA and a net capital ratio of 3,437%, indicating robust financial health. On a separate basis, it recorded net income of 595.1 billion KRW and equity of 10.4 trillion KRW.
[AI Summary]This filing is part of Mirae Asset Securities' routine derivative-linked securities issuance program with no shareholder dilution effect. However, many high-risk products with extreme underlying asset volatility and potential total principal loss are included, requiring investor caution. The issuer's strong credit rating supports product reliability, but the structural risks of the products themselves must be assessed separately.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)