Mirae Asset Securities Lists Two KOSPI200 Loss-Limiting ETNs with '200% Participation Rate'

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities announced on the 3rd that it has completed the listing on the Korea Exchange of two types of "Participation Rate 200%" loss-limited Exchange Traded Notes (ETNs) linked to the KOSPI200 underlying asset (call and put).

The newly listed "Mirae Asset K200 Auto-KO-C 2206-01 ETN" pays double the rate of increase at maturity if the KOSPI200 index rises above the reference index (closing price on May 26) (before deducting fees), and pays double the rate of loss if it falls below the reference index. However, if the underlying index is below 85% of the reference index at maturity, 70% of the issue price (10,000 KRW) will be paid. Additionally, if the underlying index falls to 90% or less of the reference index based on the closing price on each business day, early redemption will occur to prevent additional losses in case of a sharp drop in the underlying asset.

The "Mirae Asset K200 Auto-KO-P 2206-01 ETN" pays double the rate of loss at maturity if the KOSPI200 index falls below the reference index (closing price on May 26), and pays double the rate of loss if it rises above the reference index. However, if the underlying index is 115% or more of the reference index at maturity, 70% of the issue price (10,000 KRW) will be paid. Additionally, if the underlying index rises to 110% or more of the reference index based on the closing price on each business day, early redemption will occur to prevent additional losses in case of a sharp rise in the underlying asset.

These ETNs are principal non-guaranteed products that pay at least 70% of the minimum issue price (10,000 KRW) and are listed products, so investors should be aware that the maximum loss rate may increase depending on the purchase timing.

A representative of Mirae Asset Securities said, "The ETN products listed this time have a maximum loss limited based on the issue price, so they can be traded in Mirae Asset Securities retirement pension accounts," adding, "They are listed to suit investors' preferences who expect index rises or falls, with the advantage that the rate of return can be doubled when entering the profit zone."

This product can be traded like regular stocks after the listing date, and inquiries related to ETN trading and online transaction methods can be confirmed through the Mirae Asset Securities customer center. This financial investment product may incur losses of principal (0~100%) due to asset price fluctuations, and such losses are borne by the investor.