Mirae Asset Daewoo Sells 6 Types of Early Redemption ELS and Others

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo will sell a total of six products, including early redemption type equity-linked securities (ELS), worth approximately 55 billion KRW from the 23rd to 1:30 PM on the 27th.

The ‘No. 29371 KOSPI200-S&P500-Euro Stoxx 50 ELS’ [High Risk], which is a 3-year maturity product, offers an annual pre-tax return of 4.50% 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, an annual pre-tax return of 4.50% will be paid if the prices of all underlying assets have never fallen below 50% of the initial reference price until the maturity evaluation date.

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 assuming the conditions are met.

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