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Ancoria 2-Yr EUR Autocall 3.25% Guaranteed Coupon

Unit price

99.09

Currency

EUR

1 week

0.13%

1 month

-0.19%

Valuation date

01 Dec 2022

Closed for subscription



Overview

The Fund pays policyholders a guaranteed annual coupon of 3.25% (net) for a maximum period of two years, irrespective of the performance of the Underlying Index (S&P 500 Index).

The Fund also provides conditional early redemption at the end of year 1 and conditional capital guarantee at maturity (end of year 2), based on the performance of the Underlying Index.

The Fund invests in structured notes issued and guaranteed by five different highly ranked financial institutions to reduce issuer credit risk.

The Fund is denominated in EUR.


Coupon: The Fund pays policyholders a guaranteed annual coupon of 3.25% (net) for a maximum period of two years, irrespective of the performance of the Underlying Index (S&P 500 Index). 


Conditional Early Redemption (end of Year 1): If on the Autocall Observation Date the Underlying Index closes at or above the Autocall Barrier (Initial Level), the Fund will redeem early and policyholders will receive 100% of their capital.


At maturity (end of Year 2): The Fund provides conditional capital guarantee based on the level of the Underlying Index on the Final Observation Date. More specifically if the index level is:

  • At or above the Capital Protection Barrier (50% of Initial Level), policyholders will receive 100% of their capital.
  • Below the Capital Protection Barrier, policyholders will receive their capital reduced by the performance of the Underlying Index.

  • Have a neutral to slightly positive outlook for the performance of the S&P500 Index who do not expect a price drop of more than 50% after 2 years (at maturity).
  • aim for an attractive guaranteed coupon. 
  • are looking for an investment linked with the US equity market. 
  • can accept a holding period of up to 2 years.

Performance

Past performance is no guarantee of future performance. Performance data provided is based upon NAV net of management fees. Performance figures are presented in the currencies available for trading in the Fund and they have been converted where relevant, from the Fund's base currency. Investors should be aware of the impact of exchange rate fluctuations in the NAV of the Fund. Any additional charges that may apply from time to time are excluded from the calculation.

 

Key Facts

Term

2 years

Status

Closed for subscription

Underlying

S&P 500 Index

Issuer

Barclays Bank, Credit Suisse AG, Goldman Sachs International, Morgan Stanley & Co International Plc, SG Issuer

Trade currency

EUR

Fund start date

27/09/2022

Strike level

3,612.390

Strike date

10/10/2022

Capital protection

Conditional

Capital protection barrier type

Terminal

Capital protection barrier level

1,806.195

Initial unit price

100 EUR

Coupon

3.25% per annum

Coupon frequency

Annually

Coupon type

Fixed

Coupon payment dates

31/10/2023, 31/10/2024

Autocall observation dates

10/10/2023

Autocall payment dates

31/10/2023

Final observation date

10/10/2024

Redemption date

31/10/2024

Redemption at maturity
Maturity type

Autocall

Guarantor

Barclays Bank, Credit Suisse AG, Goldman Sachs International, Morgan Stanley & Co International Plc, SG Issuer

Final subscription date

10/10/2022

Payment details
Payment reference

Your policy number and the fund name

Entry fee

0 %

Early surrender fee

1 %

Management fee

0 %

Portfolio

Last updated: : 31/10/2022

Structured Products

100%

Risk information

  • Policyholders whose base currency is different to the currency of the Fund (EUR) will be subject to currency risk
  • If at maturity the S&P 500 Index drops by more than 50% from the Initial Level, policyholders face the possibility of losing a substantial part or the total amount of their initial investment
  • Policyholders who need access to all or some of their initial investment before the termination of the Fund may risk receiving less than their initial investment, subject to market conditions and early surrender fee
  • Should the Fund be redeemed early, policyholders have no right to future Coupon payments
  • If any of the issuers and/or its Guarantor (if any) defaults or becomes insolvent, the initial investment and any future Coupon payments may be at risk and policyholders could lose a substantial part or the total amount of their initial investment
     

European Union Republic of Cyprus Structural Funds
The project was submitted under the Digital Transformation for Business Program and is co-funded by the European Regional Development Fund and the Republic of Cyprus.