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Ancoria 5-Year SEK Autocall 5.75% Fund

Unit price

79.29

Currency

SEK

1 week

-4.02%

1 month

-11.02%

Valuation date

22 Sep 2022

Closed for subscription



Overview

The fund offers policyholders the opportunity to earn an annual gross return of 5.75% with a yearly automatic redemption feature depending on the performance of the OMX Stockholm 30 Index. Initial capital is subject to a loss only if at the final observation date in the year 2027 the Index drops by more than 35% from the initial level (observed on the 4th of February 2022). The Fund invests in structured notes issued and guaranteed by five different highly ranked financial institutions aiming to reduce credit risk.


Year 1-4: If on any Autocall Observation Date the OMX Stockholm 30 Index closes at or above the Autocall Barrier, the Fund will redeem early and policy holders will receive 100% of their capital plus 5.75% less management fee, for every year since the Fund Start Date.

At maturity, Year 5: Both the return and capital guarantee will depend on the closing level of the OMX Stockholm 30 Index on the Final Observation Date. More specifically, if the Index level is:

  • At or above the Initial Level, policyholders will receive a total return of 28.75% (5.75% per annum) plus 100% of the capital less management fee.
  • Below the Initial Level but at or above the Capital Protection Barrier, policyholders will receive 100% of the capital less management fee.
  • Below the Capital Protection Barrier, policyholders will receive their capital reduced by the performance of the OMX Stockholm 30 Index and the management fee.

  • have a neutral to slightly positive outlook for the performance of the OMX Stockholm 30 Index and do not expect a price drop of more than 35% after 5 years (at maturity).
  • aim for an attractive conditional coupon.
  • are looking for an investment linked with the Swedish equity market.
  • 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

OMX Stockholm 30 Index

Issuer

BNP Paribas Issuance BV, Goldman Sachs International London GB, Citigroup Global Markets Funding Luxembourg , Morgan Stanley B.V., SG Issuer

Trade currency

SEK

Fund start date

25/01/2022

Strike level

2,278.645

Strike date

07/02/2022

Coupon barrier level

2,278.645

Capital protection

Conditional

Capital protection barrier type

Terminal

Capital protection barrier level

1,481.119

Initial unit price

100 SEK

Coupon

5.75% per annum

Coupon frequency

Annually

Coupon type

Conditional/Memory

Autocall observation dates

07/02/2023, 07/02/2024,
07/02/2025, 09/02/2026 

Autocall payment dates

28/02/2023, 28/02/2024,
28/02/2025, 03/03/2026 

Final observation date

08/02/2027

Redemption date

02/03/2027

Redemption at maturity
Maturity type

Autocall

Guarantor

BNP Paribas Issuance BV, Goldman Sachs International London GB, Citigroup Global Markets Funding Luxembourg , Morgan Stanley B.V., SG Issuer

Bonus coupon observation dates

07/02/2023, 07/02/2024,
07/02/2025, 09/02/2026,
08/02/2027 

Bonus coupon payment dates

28/02/2023, 28/02/2024,
28/02/2025, 03/03/2026,
02/03/2027 

Final subscription date

07/02/2022

Payment details
Payment reference

Your policy number and the fund name

Entry fee

0 %

Early surrender fee

1 %

Management fee

0.5 %

Portfolio

Last updated: : 31/08/2022

BAR.EXPRESS CERT. BNP PARIBAS ISS 2022/15-FEB-2027/OMX

20.28%

BAR.EXPRESS CERT. MORGAN STANLEY BV 2022/16-FEB-2027/OMX

20.14%

BAR.EXPRESS CERT. CITIGROUP GLB MKTS 2022/16-FEB-2027/OMX

20.11%

BAR.EXPRESS CERT. GOLDMAN SACHS INTL 2022/15-FEB-2027/OMX

19.97%

BAR.EXPRESS CERT. SG ISSUER SA 2022/15-FEB-2027/OMX

19.73%

Structured Products

100.23%

Cash & Cash equivalents

-0.23%

Risk information

  • Policyholders whose base currency is different to the currency of the Fund (SEK) will be subject to currency risk
  • If at maturity the OMX Stockholm 30 Index drops more than 35% 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.