Mirae Asset Daewoo Sells 7 Types of Early Redemption ELS, etc.

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced that it will sell a total of 7 types of products, including early redemption type equity-linked securities (ELS), worth approximately 60 billion KRW from the 26th until 1:30 PM on the 30th.

The ‘No. 29342 Samsung Electronics-S&P500-HSCEI ELS’ [High Risk] being sold this time is a 3-year maturity product that provides an annual pre-tax return of 6.10% if, on the early redemption evaluation dates, the prices of all underlying assets are at least 90% (6, 12 months), 85% (18, 24 months), and 80% (30, 36 months) of the initial reference price.

Even if early redemption does not occur, if the prices of all underlying assets have never fallen below 55% of the initial reference price until the maturity evaluation date, an annual pre-tax return of 6.10% will be paid.

However, if any of the underlying assets have fallen below 55% of the initial reference price at any time and at maturity evaluation any of the underlying assets are below 80%, 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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