Mirae Asset Securities' 59.4 Billion Won ELS Issuance Becomes Effective... Caution for High-Difficulty Financial Products
Mirae Asset Securities announced on July 21, 2026 that the registration statement for its 36995th and 36996th ELS totaling 59.4 billion won became effective.
These ELS are high-difficulty financial products linked to EUROSTOXX50, S&P500, KOSPI200 or NIKKEI225 indices with principal not guaranteed and potential 100% loss of principal at maturity or early redemption.
Proceeds will be used for hedge transactions and financial investments; the issuer maintains an AA credit rating but the securities are not protected by the depositor protection act.
[AI Summary]This ELS issuance is a routine funding activity for Mirae Asset Securities with no dilution to existing shareholders, but the complex structure necessitates caution. While the issuer's credit is strong, investors must account for the risk of total principal loss.