Product snapshot: Mirae debuts fixed coupon notes in South Korea

Mirae Asset Daewoo Securities has introduced a series of equity-linked securities (ELS) in South Korea with an interesting new feature, a fixed coupon, a first for the Korean market. The company has issued 18 products to date (the first of which struck on March 27) and the series has attracted a combined sales volume of KRW44.2 billion (US$39.5m) from Korean retail investors. The securities have a term of six-months and are linked to two shares - a combination of Amazon, Netflix and Nvidia - an