Additional issuance of call ELW on Alteogen worth 1.08 billion won (strike price 517,600 won, issue price 93 won)
- Mirae Asset Securities additionally issues call ELW (Series LA67) on Alteogen common stock, amounting to 1.08 billion won (1,004,400,000 won)
- Issue price is 93 won per warrant, conversion ratio 0.001, strike price 517,600 won, maturity June 15, 2026
- Scheduled for additional listing on Korea Exchange on May 6, 2026; cash settlement; no early redemption
- Public offering form but allocated entirely to liquidity provider (LP) Mirae Asset Securities; no public subscription
- Profit structure: if final price > strike, pay (final price - 517,600) x 0.001 won; otherwise total loss of principal
- Underlying Alteogen stock reference price on Nov 7, 2025 at 528,000 won; final price is arithmetic average of 5 business days from June 5 to 11, 2026
- Issuer credit rating AA (evaluated Jan-Apr 2026); not covered by depositor protection; unsecured and unguaranteed
- Issue price calculated using actual volatility 59.39% vs historical 60.45%, incorporating hedging costs
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KOSPI Filing Information
- Filing: Additional Documents for Bulk Filing (Derivative-Combined Securities - Equity Warrant Securities)
- Company: Mirae Asset Securities (006800)
- Submission: Mirae Asset Securities Co., Ltd.
- Receipt: 04-29-2026