Intesa Sanpaolo Private Banking won the first prize in the Best Distribution Network – Private Banking Networks category
Intesa Sanpaolo Private Banking winner at the Italian Certificate Awards 2014
Milan, 1 December – Intesa Sanpaolo Private Banking won the prestigious "Special Prize for Best Distribution Network – Private Banking Networks" for the third year running. The judging panel made up of independent professionals, praised the bank’s wide range of certificates on different underlyings, alternating diverse product types. During the awards ceremony the high quality of Intesa Sanpaolo Private Banking’s commercial offer was underlined, confirming its role as a key player in Italy.
As a certificate issuer, Banca IMI received a number of accolades including "Certificate of the Year" for the Double Express on ENI S.p.A. (placed by Intesa Sanpaolo Private Banking network) and "Best Capital-Protected Certificate" for the Digital on EUR/USD, distributed by Banca dei Territori network. The awards confirmed Banca IMI’s position as Italy’s leading issuer in the sector.
The second prizes won by Banca dei Territori in the "Banking Distribution Networks" category and by Banca IMI in the "Innovation Capacity" category, as well as the third place taken by Banca IMI in the "Issuer of the Year" ranking, are all further proof of the outstanding professionalism, dynamism and team spirit which can be found across our Group.
SPECIAL PRIZE FOR BEST DISTRIBUTION NETWORK – PRIVATE BANKING NETWORKS
Intesa Sanpaolo Private Banking
Motivation
Leader in terms of primary market asset value, in the period in question it placed 14 certificates on 11 different underlyings, alternating 4 payoff types (Express, Double Express, Bonus Autocallable Plus, Equity Protection) and raising euro 106,000,000 a month on average. All Certificates placed by the Intesa Sanpaolo Private Banking network are listed on the Italian Stock Exchange, Securitised Derivatives segment (SeDex), or on the Multilateral Trading Facility EuroTLX within one month of the placement end.
CERTIFICATE OF THE YEAR
DOUBLE EXPRESS on Eni S.p.A. (Banca IMI)
Motivation
Conditional and capital-protected Express certificate with Eni stock as the underlying and a maturity of three years. Stock price will be observed once a year; if the stock’s value is greater than or equal to the barrier level, a 7.3% coupon will be paid and the certificate will be redeemed for values greater than or equal to the strike price. If the stock price is lower at all interim dates, it will need to be greater than or equal to the barrier level at maturity for the nominal amount of 100 euro to be redeemed, with 7.3% coupon. If the price is below the barrier, the redemption amount will be calculated according to the stock’s performance. Listed on Sedex, the certificate is up by approximately 2.5% on the issuance price.