Press news


12.10.2010

New structured product available in the Bank Millennium Prestige range

Bank Millennium shall issue a new structured product - the Bankowy Autocall I Banking Security, based on prices of stock of five banks.

Bankowy Autocall I is a three-year structured product denominated in PLN, which offers to investors an attractive coupon, provided that the prices of stock of all underlying banks are equal to or greater than the initial value on observation dates.
The product is based on stock prices of five banks: Barclays, HSBC, Commerzbank, RBS and UBS.
If on any of the annual observation dates the stock prices of all the five banks are equal to or greater than their initial values, the product will be redeemed and the due coupon will be paid.
Product yield shall be calculated with the following formula:
If on any of the annual observation dates the stock prices of all the five banks are equal to or greater than their initial values, the product will be redeemed and the due coupon will be paid. 
Potential coupons on annual observation dates are: 9% on first observation date, 18% on second observation date, 27% on third observation date.
If the positive investment scenario is not fulfilled, the product guarantees a 100% return of capital on the date of redemption of the structured banking security.
Key information about the Bankowy Autocall I structured product:

  • Issuer: Bank Millennium SA
  • Subscription period: to 25 October 2010 at 4.00 p.m.
  • Date of transaction settlement:  29 October 2010 by 11.00 a.m.
  • Investment period: 3 years (early redemption possible on annual observation dates)
  • Redemption date: 4 November 2013
  • Investment currency: PLN
  • Minimum amount: PLN 25,000
  • Volume: unlimited
  • Capital guarantee at redemption: 100%