Year 1 - 4: Policyholders invested in the Fund will receive a fixed annual coupon of 0.5%. Furthermore, if on any yearly observation date the Index closes at or above its Initial Level, the Fund will be redeemed and policyholders will receive their initial capital plus an additional bonus coupon of 3.5% per annum for each year elapsed since the start of the Fund.

At maturity, Year 5: Unless the Fund is earlier redeemed, the amount paid at maturity will depend on the Final Level of the Index. More specifically, if the Final Level of the Index is:

• at or above the Initial Level, policyholders will receive a total coupon of 18.0% plus 100% of their initial capital; 
• below the Initial Level but at or above the Capital Protection Barrier (2496.64), policyholders will receive a coupon of 0.5% plus 100% of their initial capital; 
• below the Capital Protection Barrier, policyholders will receive a coupon of 0.5% plus their initial capital reduced by the negative performance of the Index. 

• Has a neutral to slightly positive outlook on the performance of the Euro Stoxx 50 Index 
• Does not expect the Euro Stoxx 50 Index to drop more than 35% from its Initial Levels at maturity 
• Aims for a minimum fixed coupon plus an attractive conditional bonus coupon 
• Is looking for an investment linked to Eurozone’s leading Blue-chip equity index 
• Can accept a holding period of up to 5 years