Mirae Asset Securities ELB Series 4034 19.9 Billion KRW Issuance Effective, Linked to Samsung Electronics with Conditional 6.35% Annual Return
Mirae Asset Securities has filed a prospectus for issuance of 19.9 billion KRW in ELB series 4034, linked to Samsung Electronics common stock with a 3-year maturity and conditional annual return of 6.35%, provided the underlying asset stays above 65% of initial price.
Proceeds will be used for hedging and investment in financial instruments, a routine capital management activity.
Investors should note the issuer's AA credit rating, but also risks such as early redemption at a loss and limited liquidity due to unlisted status.
[AI Summary]This issuance is debt-based with negligible impact on shareholder equity. The structured product offers potential returns but carries market and credit risks.