About the product

Structured products are among the most modern and interesting bank products available on the Polish financial market. They are an example of an effective blend of a “conservative” bank deposit with the features of an investment in diverse financial instruments.

The products provide opportunity to invest in all sectors and locations worldwide – on equities', bonds, commodity markets, investment and hedging funds. Products ensure access to instruments, markets and investment strategies not available before to many investors including, in particular, individual Clients. 

Taking advantage of practically unlimited opportunities provided by many markets, structured products have become an excellent tool to diversify your portfolio. 

Structured products create a rich and diverse group of innovative, tailor-made financial products characterised by: 

  • pre-defined level of guarantee of your capital, 
  • pre-defined disbursement formula, 
  • value at expiration conditional upon value of other instruments. 

The terms and conditions of access to a structured product are defined for each such product independently. Relevant information together with descriptions of risk involved with the product is provided in the product presentation as well as in essential issue documents or T&C, which are available in Bank Millennium S.A. Financial Centres.


Structured products with full or partial capital protection are investment products in the form of, inter alia, bonds, banking securities, investment deposits or insurance policies, based upon financial or commodity market indicators such as FX rates, prices of equities, values of stock exchange indexes, commodity prices or baskets of the above variables potentially setting up bases for calculation of final interest rates of the bonds, amounts of banking securities settlements or amounts to be disbursed from the policy. Structured products are covered by full or partial capital protection on investment maturity date. Structured products with partial capital protection provide capital protection at the level below 100%. Under such cases, investors have to be prepared for losing capital but, in return, can expect higher share in potential profits.

In case of structured products, full or partial capital protection is effective only on the investment repurchase/maturity day. In case of a structured product sale on secondary market before maturity/repurchase day, the full or partial capital protection will not apply.


Investments in structured products are connected with following risks:

  • Market risk,
  • Credit risk,
  • Liquidity risk,
  • Risk of the loss of capital,
  • Product complexity,
  • Availability of information from a given market,
  • FX risk,
  • Tax risk,
  • Legal risk,
  • Interest rate risk,
  • Level of fees and charges.

Detailed descriptions of risks are provided in Description of risk connected with financial instruments and products for natural persons in Bank Millennium S.A., available in Bank branches and on the Bank website.

Legal disclaimers

All and any information contained in this publication is for information purposes only and does not constitute an offer, or a recommendation or an invitation addressed to anyone (or any group of persons whatsoever) to conclude a transaction involving the financial instruments presented herein. In particular the information contained in this publication does not constitute an offer in the meaning of the Civil Code of 23rd April 1964 nor is it a service of investment, financial, tax, legal or any other advice. Any investment decision should be made on the basis of information contained in relevant documents relative to a given structured product (issue conditions, proposal to purchase or conditions) and not on the basis of a brief description contained in this publication. The above documents are available in Bank branches. 

This publication contains the position of Bank Millennium S.A. ("Bank") expressed on the basis of its own assessment of facts, which are important to the Bank as well as relevant legal provisions. The Bank assures that it made due efforts in order that the information contained in this publication is reliable and based on authoritative sources, however the Bank cannot guarantee that information obtained from sources outside the Bank is reliable, complete and up-to-date. Additionally the Bank informs that information and analyses contained in this publication are based on information coming from public sources, which were not verified independently by the Bank and moreover may be subject to periodical changes. The Bank shall not be held liable in any way for the financial consequences of performance by the customer of transactions on the financial instruments described herein. At the same time the Bank reserves the possibility of making changes to the form as well as content of this publication, at any time and without notice.

The risk of using the information contained herein, in particular as regards taking investment decisions on its basis, shall be borne exclusively by its recipient. 

Financial transactions involve risk, presented in detail in the "Description of risk associated with financial instruments and products for private persons in Bank Millennium S.A", available in the Bank's outlets and on its website.

Whoever acquires a financial instrument, accepts and bears responsibility on account of tax liabilities imposed by valid regulations. With a view to the above risks and circumstances, customers of the Bank should have essential knowledge and experience to assess the nature of every contemplated transaction and risks connected with it. In case of any doubts customers should resort to the services of a tax, legal or investment advisor. The Bank shall provide all and any additional information reasonably requested by the customer, in order to enable him to assess the risks and nature of the transaction.  

Conclusion by the customer of transactions involving financial instruments is the basis for consideration that the customer has read the terms and conditions of the transaction as well as the related risk and has accepted them. 

Dissemination, distribution and trading of some financial products may be subject to restrictions with respect to certain persons and countries, in keeping with relevant legislation. It is for the customer to demonstrate legal capacity and authority to invest in the financial instrument. Offering and trading of financial instruments may be done only in compliance with relevant legal regulations.

Information contained in this publication shall be made available to the recipient on a strictly confidential basis. The recipient is not authorised to copy, reproduce or furnish and make the information in whole or in part available in any other way to third parties (except its furnishing to professional advisors) without the Bank's prior written consent. 

Money deposited on structured products are not guaranteed by BFG in keeping with The Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution of 10 June 2016, excluding funds invested in Investment Deposits.

Money deposited on an Investment Deposit is guaranteed by BFG in keeping with The Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution of 10 June 2016. 100% protection is provided for money investment in the Bank, the total amount of which in PLN together with other monies invested in the Bank’s products, covered by the statutory protection system, does not exceed the equivalent of 100 000 euro. Protection is provided for funds of individuals in keeping with art. 2 point 3) in connection with art. 17 sect.1 of the above-mentioned Act. For calculation of the value of euro in zloty the average FX rate is used from the day of fulfilment of the guarantee condition, announced by the National Bank of Poland.

Markets in Financial Instruments Directive

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Client classification

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Appropriateness assessment

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Risk description

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Conflict of interests

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More details

For detailed information contact your nearest Bank Millennium Financial Centres