Mirae Asset Daewoo Sells 10 Types Including Early Redemption ELS

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced on the 25th that it will sell a total of 10 types of products, including early redemption type equity-linked securities (ELS), worth approximately 95 billion KRW until 1:30 PM on the 29th.

The ‘No. 29460 S&P500-HSCEI-Euro Stoxx 50 ELS’ [High Risk], which is a 3-year maturity product, offers an annual pre-tax return of 4.80% if 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 on the early redemption evaluation dates.

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 4.80% 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 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 conditions are met.