Mirae Asset Daewoo Sells 7 Types Including Early Redemption ELS

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced on the 30th that it will sell a total of 7 types of products, including early redemption type equity-linked securities (ELS), worth approximately 65 billion KRW until 1:30 PM on the 4th of next month.

The ‘No. 29383 S&P500-HSCEI-Euro Stoxx 50 ELS’ [High Risk] being sold this time is a 3-year maturity product that offers an annual pre-tax return of 5.20% if, on the early redemption evaluation dates, the prices of all underlying assets are at least 92% (6, 12 months), 90% (18 months), 87% (24 months), 82% (30 months), and 80% (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 52% of the initial reference price until the maturity evaluation date, an annual pre-tax return of 5.20% will be paid.

However, if any one of the underlying assets has fallen below 52% of the initial reference price at any time, and at maturity evaluation any one of the underlying assets is 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.

This content was produced with the assistance of AI translation services.