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Ancoria 3-Year SEK Autocall 6.00% Fund

Unit price

87.90

Currency

SEK

1 week

0.69%

1 month

7.30%

Valuation date

01 Dec 2022

Closed for subscription



Overview

The fund offers policyholders the opportunity to earn an annual gross return of 6% with a yearly automatic redemption feature depending on the performance of the OMX Stockholm 30 and the S&P 500. Initial capital is subject to a loss only if at the final observation date, in 2024, any of the Indices drops by more than 35% from the initial level (16th of December 2021) . The Fund invests in structured notes issued and guaranteed by five different highly ranked financial institutions aiming to reduce credit risk.


Year 1-2: If on any Autocall Observation Date, both the OMX Stockholm 30 and the S&P 500 close at or above the Autocall Barrier, the Fund will redeem early and policy holders will receive 100% of their capital plus 6% coupon for every year since the Fund Start Date, less management fee. 


At maturity, Year 3: Both the return and capital guarantee will depend on the closing levels of the OMX Stockholm 30 and the S&P 500 on the Final Observation Date.


More specifically, if

  • Both indices close at or above their Initial Level, policyholders will receive a total return of 18% (6% per annum) plus 100% of the capital less management fee.

  • Any index closes below the Initial Level and both close at or above their Capital Protection Barrier, policyholders will receive 100% of the capital less management fee. 

  • Any index closes below its Capital Protection Barrier, policyholders will receive their capital reduced by the performance of the worst performing index and the management fee.


  • have a neutral to slightly positive outlook for the performance of the OMX Stockholm 30 and the S&P 500 and do not expect a price drop of more than 35% after 3 years  (at maturity). 

  • aim for an attractive conditional coupon. 

  • are looking for an investment linked with the Swedish and the US equity markets. 

  • can accept a holding period of up to 3 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

3 years

Status

Closed for subscription

Underlying 1

OMX Stockholm 30 Index

Underlying 2

S&P 500 Index

Issuer

SG Issuer; Morgan Stanley & Co International Plc; Goldman Sachs International; Leonteq Securities Ag; Credit Suisse Ag

Trade currency

SEK

Fund start date

06/12/2021

Strike level 1

2,311.026

Strike level 2

4,668.670

Strike date

16/12/2021

Coupon barrier level 1

2,311.026

Coupon barrier level 2

4,668.670

Capital protection

Conditional

Capital protection barrier type

Terminal

Capital protection barrier level 1

1,502.167

Capital protection barrier level 2

3,034.640

Initial unit price

100 SEK

Coupon

6.00% per annum

Coupon frequency

Annually

Coupon type

Conditional/Memory

Autocall observation dates

16/12/2022, 18/12/2023

Autocall payment dates

13/01/2023, 17/01/2024

Final observation date

16/12/2024

Redemption date

13/01/2025

Redemption at maturity
Maturity type

Autocall

Guarantor

SG Issuer; Morgan Stanley & Co International Plc; Goldman Sachs International; Leonteq Securities Ag; Credit Suisse Ag

Bonus coupon observation dates

16/12/2022, 18/12/2023,
16/12/2024 

Bonus coupon payment dates

13/01/2023, 17/01/2024,
13/01/2025 

Final subscription date

20/12/2021

Payment details
Payment reference

Your policy number and the fund name

Entry fee

0 %

Early surrender fee

1 %

Management fee

0.7 %

Portfolio

Last updated: : 31/10/2022

Structured Products

100%

Risk information

  • If at maturity any of the two underlying indices drops more than 35% from their Initial Level, policyholders face the possibility of losing a substantial part or the total amount of their initial investment.
  • Policyholders whose base currency is different to the currency of the Fund will be subject to currency risk. 
  • 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.