Product wrap: German development bank sells big in Japan

EUROPE In Poland, Bank Millennium launched Lokata Strukturyzowana Potencjał Srebra V , a three-year structured deposit linked to iShares Silver Trust, which seeks to reflect the performance of silver. The product features the shark fin payout. If the final level of the underlying ETF is above its initial level, and at no time during the investment period it has traded above 160%, the product offers a capital return of 100% plus 30% of the rise. Priips summary risk indicator (SRI): three out of