CREDITO VALTELLINESE'S "GLOBAL INDEX SERIE V"
The bank, in association with Risparmio & Previdenza S.p.A, a company belonging to the Group Cattolica Assicurazioni, is achieving the private placing of its own bonds linked to some Stock Exchange indices.
It is an index-linked bank-insurance dealing. It includes a series of single options with guaranteed minimum return and maximum return linked to the reference indices trend, of which bonds are the "financial basis".
The bond issue is lasting 6 years. It will be repaid with the sum of the capital and the greater value between the guaranteed minimum return and the sum of the reference indices average increase.
Credito Valtellinese counters are giving any explanation necessary, while all information concerning Global Index serie V can be found in the informative note enclosed in the contract.
Issuer:
Credito Valtellinese
Minimum denomination:
10 million lire
Overall amount:
20 billion lire
Placement:
as from November 6 1998
Start of interest entitlement:
December 4 1998
Term:
6 years (December 4 1998-December 4 2004)
Repayment:
dated single payment, from a minimum of 110 on 100 investment (namely an annual nominal 1.67 per cent) to a maximum price consisting of a revaluation percentage of the reference indices (SMI Zurich, Nikkei 225 Tokyo, S&P 500-New York), calculated on the base of monthly joint surveys.
