Remuneration of structured deposits

Characteristics of deposit

Name of deposit	Invest Telecom (Ser. 11/2)
Institution	BANCO INVEST, SA
Start date	31-05-2011
Maturity date	31-05-2012
Term	1 year
Underlying market	Shares
Currency	EUR
Document	Invest Telecom (Ser. 112).pdf

Remuneration of deposit

Rate of return on maturity date
Rate of return	1,250%