Mirae Asset Daewoo Launches Direct-Only ELS Sales for Online Customers
[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced on the 10th that it will sell Direct-only Equity-Linked Securities (ELS) totaling 10 billion KRW until 1:30 PM on the 14th.
The ‘No. 26921 Samsung Electronics-HSCEI-Eurostoxx50 ELS [High Risk]’ being sold this time is a 3-year maturity product that offers an annual pre-tax return of 8.5% if, on the early redemption evaluation dates, all underlying asset prices are at least 95% (6 months), 90% (12 months), 85% (18 months, 24 months), 80% (30 months), and 75% (36 months) of the initial reference price.
Even if early redemption does not occur, if none of the underlying assets have fallen below 60% of the initial reference price until the maturity evaluation date, an annual pre-tax return of 8.5% will be paid. However, if any of the underlying assets have fallen below 60% of the initial reference price and at maturity evaluation any of the underlying assets are below 75%, a total principal loss may occur according to the maturity redemption conditions.
Yoon Sanghwa, Head of Digital Business Division at Mirae Asset Daewoo, said, “Mirae Asset Daewoo enables customers to conveniently subscribe to desired products online with small amounts and receive online asset management services,” adding, “We will continue to strive to reduce customer burdens while providing various benefits.”
Detailed information about the products is available at the Mirae Asset Daewoo Customer Center.
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Direct-only ELS can be subscribed to by opening a mobile account and can be subscribed through the website and the Mirae Asset Daewoo m.ALL app. This product is designed for customers who trade only online, featuring low transaction costs, and the minimum subscription amount is 100,000 KRW with increments of 10,000 KRW. This product may incur principal loss if the underlying assets do not meet the price conditions, and all stated returns are pre-tax returns.
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