Mirae Asset Daewoo Sells 4 Types Including Early Redemption ELS

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced on the 4th that it will sell a total of four types of products, including early redemption type equity-linked securities (ELS), worth approximately 60 billion KRW until 1:30 PM on the 7th.

The ‘No. 29139 KOSPI200-S&P500-Euro Stoxx 50 ELS’ [High Risk], which is a 3-year maturity product, offers an annual pre-tax return of 7.00% if the prices of all underlying assets are at least 87.5% (at 6 and 12 months), 85% (at 18, 24, and 30 months), and 75% (at 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 one of the underlying assets has fallen below 50% of the initial reference price at any time, and at maturity evaluation any one of the underlying assets is below 75%, principal loss of up to 100% may occur according to the maturity redemption conditions.

Detailed information about the products can be confirmed 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 assuming conditions are met.

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