Commodity Index-linked Digital Deposit, issued by Bre Bank, has redeemed with 25% growth after 1.5 years.
The product was distributed by three of Commerzbank's Polish banks, including Bre Bank's own private banking and institutional network under the name Bogactwa Ziemi, via retail distributor Multibank as Wulkan Zysków and via internet bank mBank as Naturalny Zysk.
The 18-month digital was linked to the performance of the S&P GSCI Agriculture ER and S&P GSCI Industrial Metals ER, which rose by 30.63% and 56.87%, respectively, over the investment term. This was enough to meet the product's conditions for growth of 25%, as both indices were above 30% of their initial levels. If the indices had been above 10% or 20% of their strikes, the product would have paid growth of 10% and 15%, respectively.
The product's annualised yield of 16.02% AER is the group's best-performing rate to date and the second highest annualised return for a Polish structured retail product so far this year.
As previously reported, in October this year, Multibank redeemed its two-year Cappuccino II, linked to the drink's main ingredients, with an annualised yield of 14.02%.
These products appear on the Polish database.