The new «PIRAEUS DIAMONDS», is a new special form of term deposit accounts offering 100% capital guarantee at maturity, coupled with a minimum return guaranteed, as well as a potential return higher than traditional term deposit accounts, depending on the €/$ exchange rates.
The two new products, which will be available for subscription from 9 June to 17 June 2003 (in order of priority) through the Bank’s branches, are the following:
“Diamond EuroDollar Rise ΙΙΙ”
It is a term deposit account in euro and its final return is linked to the EUR/USD exchange rate. The term of the deposit is three (3) months, starting on 18/6/2003 and maturing on 18/9/, and the minimum capital requirement is € 10.000. The final annualised return at maturity shall be as follows:
- 4% if the ECB EUR/USD exchange rate is, on any date during the deposit term, equal to or higher than 106% of the starting exchange rate.
- 0.50% in any other case.
“Diamond EuroDollar Drop ΙΙΙ”
It is a term deposit account in euro and its final return is linked to the EUR/USD exchange rate. The term of the deposit is three (3) months, starting on 18/6/2003 and maturing on 18/9/, and the minimum capital requirement is € 10.000. The final annualised return at maturity shall be as follows:
- 4% if the ECB EUR/USD exchange rate is, on any date during the deposit term, equal to or lower than 94% of the starting exchange rate
- 0,50% in any other case.
For detailed information about these products, please refer to the Piraeus Bank branches, or call 800 11 20000, or visit the Bank’s website at http://www.piraeusbank.gr