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Ancoria 5-Year EUR Autocall 0.5% Plus 3.5% Fund

Unit price

93.31

Currency

EUR

1 week

1.11%

1 month

7.50%

Valuation date

26 Nov 2020

Closed for subscription



Overview

The Ancoria 5-Year EUR Autocall 0.5% Plus 3.5% Fund ("the Fund") offers policyholders the opportunity to earn an annual return up to 4.0% depending on the performance of the Euro Stoxx 50 Index ("the Index"). Initial capital is subject to a loss only if the Index drops more than 35% from its Initial Level (3840.97) on the Final Observation Date (14/02/2025) at maturity.


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 

 


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

5 years

Status

Closed for subscription

Underlying

EURO STOXX 50 Index

Issuer

BNP Paribas Issuance BV; Goldman Sachs Finance Corp International Ltd; Morgan Stanley BV; Citigroup Global Markets Funding Luxembourg SCA; EFG International Finance (Guernsey) Ltd

Trade currency

EUR

Fund start date

17/02/2020

Strike level

3,840.970

Strike date

14/02/2020

Capital protection

Conditional

Capital protection barrier type

Terminal

Capital protection barrier level

2,496.640

Initial unit price

100 EUR

Coupon

0.50% per annum

Coupon frequency

Annually

Coupon type

Fixed

Coupon payment dates

05/03/2021, 08/03/2022,
06/03/2023, 05/03/2024,
05/03/2025 

Autocall observation dates

15/02/2021, 14/02/2022,
14/02/2023, 14/02/2024 

Autocall payment dates

05/03/2021, 08/03/2022,
06/03/2023, 05/03/2024 

Final observation date

14/02/2025

Redemption date

05/03/2025

Redemption at maturity
Maturity type

Autocall

Guarantor

BNP Paribas; The Goldman Sachs Group Inc.; Morgan Stanley; Citigroup Global Markets Ltd; EFG International AG

Bonus coupon barrier level

3,840.970

Bonus coupon

3.50% per annum

Bonus coupon frequency

Annually

Bonus coupon type

Conditional/Memory

Bonus coupon observation dates

15/02/2021, 14/02/2022,
14/02/2023, 14/02/2024,
14/02/2025 

Bonus coupon payment dates

05/03/2021, 08/03/2022,
06/03/2023, 05/03/2024,
05/03/2025 

Final subscription date

12/03/2020

Payment details
Payment reference

Your policy number and the fund name

Entry fee

0 %

Early surrender fee

1 %

Management fee

0 %

Portfolio

Last updated: : 30/10/2020

Structured Products

100%

Risk information

  • Policyholders face the possibility of losing a significant portion of the principal amount invested if at maturity the Index drops more than 35% from the Initial Level
  • If any of the five issuers and/or their Guarantors (if any) default or become insolvent, the initial investment and any future Coupon payments may be at risk and policyholders could lose some 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 exit fees