Mirae Asset Daewoo Sells 7 Types of Early Redemption ELS Including Others

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo will sell a total of 7 types of products, including early redemption type equity-linked securities (ELS), worth approximately 120 billion KRW from the 13th to 17th until 1:30 PM.

The ‘No. 29114 KOSPI200-S&P500-Euro Stoxx 50 ELS’ [High Risk] being sold this time is a 3-year maturity product that offers an annual pre-tax return of 7.00% if the prices of all underlying assets are at least 87.5% (6, 12 months), 85% (18, 24, 30 months), and 75% (36 months) of the initial reference price on the early redemption evaluation dates.

Even if early redemption does not occur, if the prices of all underlying assets have never fallen below 50% of the initial reference price until the maturity evaluation date, an annual pre-tax return of 7.00% will be paid.

However, if any of the underlying assets have fallen below 50% of the initial reference price at any time and at maturity evaluation any of the underlying assets are below 75%, principal loss of up to 100% may occur according to the maturity redemption conditions.

Detailed information about the products can be found at Mirae Asset Daewoo nationwide branches and customer centers.

This product may incur principal loss if the underlying assets do not meet the price conditions, and all stated returns are pre-tax returns upon meeting the conditions.

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