Kurs na Złoto I debt securities available in the Bank Millennium Prestige range

Kurs na Złoto I is a three-year debt security, denominated in zloty, with full protection of principal at maturity. The yield on the product depends on the evolution of the price of gold - the investor will benefit from its growth.
Product yield depends on the value of gold expressed in US Dollars according to data from the London Gold Market and is ascertained on the basis of quarterly observations of gold prices (in %). The quarterly changes of gold prices will be the basis for calculating the final rate of return. The price of gold observed at the end of a quarter is at the same time the starting price for the next quarter.
The Kurs na Złoto I redemption amount is calculated with use of the following formula:
100% + MAX [0%, SUM OF QUARTERLY RESULTS]

1. If in a quarter the prices of gold increased by more than 10%, then 10% shall be used in the calculations. 
2. If in a quarter the prices of gold fell by more than 10%, then -10% shall be used in the calculations.

Kurs na Złoto I highlights:

• Issuer: Bank Millennium
• Subscription period: from 10 March 2011 to 25 March 2011, by 4:00 p.m.
• Date of transaction settlement: 31 March 2011 by 11:00 a.m.
• Tenor: 3 years
• Redemption date: 2 April 2014
• Currency: PLN
• Minimum amount: PLN 25,000
• Principal protection at maturity: 100% of the invested principal.