Mirae Asset Daewoo Sells 4 Types Including Early Redemption ELS

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced on the 1st that it will sell a total of four types of products, including early redemption type equity-linked securities (ELS), worth approximately 70 billion KRW from the 2nd until 1:30 PM on the 3rd.

The ‘No. 26978 Samsung Electronics Common Stock-HSCEI-Euro Stoxx 50 ELS’ [High Risk] being sold this time is a 3-year maturity product that provides an annual pre-tax return of 10.00% if, on the early redemption evaluation dates, the prices of all underlying assets are at least 95% (6 months), 90% (12 months), 85% (18 months, 24 months), 80% (30 months), and 75% (36 months) of the initial reference price.

Even if early redemption does not occur, if none of the underlying assets have fallen below 60% of the initial reference price until the maturity evaluation date, an annual pre-tax return of 10.00% will be paid.

However, if any of the underlying assets have fallen below 60% 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 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.