Our website uses cookies to enhance your user experience. If you agree to the use of cookies, click "Accept" or continue to browse our website. If you change your mind, you can delete and reject cookies at any time by changing your browser settings.

Structured Fund

Ancoria 5-Year SEK Autocall 6.75% Fund

Unit price

102.96

Currency

SEK

1 week

0.15%

1 month

1.54%

Valuation date

21 Feb 2020

Closed for subscription



Overview

The Fund aims to pay an attractive conditional coupon as well as to offer an early redemption feature determined by the performance of the OMX Stockholm 30 Index. The Fund will invest in structured notes issued by Goldman Sachs Finance Corp International Ltd, Morgan Stanley B.V., BBVA Global Markets B.V., BNP Paribas Issuance B.V., UBS AG.

It has a maturity of 5 years and provides conditional capital protection under the circumstances described in the Particular Fund Conditions. 


The Fund offers an annual early redemption feature until year 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 policyholders will receive 100% of their capital, plus 6.75% coupon less management fee for every year since the Fund Start Date.

At maturity provided that the Fund is not earlier redeemed, 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 closing level is:

 

  • At or above the Initial Level, policyholders will receive a total return of 33,75% (6,75% 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.

 

The expected payoff is illustrated in the diagram below: 

 


 


  • Has a neutral to slightly positive outlook for the performance of the OMX Stockholm 30 Index and who does not expect a price drop of more than 35% at maturity
  • Aims for an attractive conditional coupon 
  • Is 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

Category

Structured Fund

Term

5 years

Status

Closed for subscription

Underlying

OMX Stockholm 30 Index

Issuer

UBS AG; BNP Paribas Issuance BV; Goldman Sachs Finance Corp International Ltd; Morgan Stanley BV; BBVA Global Markets BV

Trade currency

SEK

Fund start date

02/12/2019

Strike level

1,730.254

Strike date

29/11/2019

Capital protection

Conditional

Capital protection barrier type

Terminal

Capital protection barrier level

1,124.670

Initial unit price

100 SEK

Autocall observation dates

30/11/2020, 29/11/2021,
29/11/2022, 29/11/2023 

Autocall payment dates

16/12/2020, 16/12/2021,
16/12/2022, 18/12/2023 

Final observation date

29/11/2024

Redemption date

16/12/2024

Redemption at maturity
Maturity type

Autocall

Guarantor

UBS AG; BNP Paribas; The Goldman Sachs Group, Inc.; Morgan Stanley; BBVA SA

Bonus coupon barrier level

1,730.254

Bonus coupon

6.75% per annum

Bonus coupon frequency

Annually

Bonus coupon type

Conditional/Memory

Bonus coupon observation dates

30/11/2020, 29/11/2021,
29/11/2022, 29/11/2023,
29/11/2024 

Bonus coupon payment dates

16/12/2020, 16/12/2021,
16/12/2022, 18/12/2023,
16/12/2024 

Final subscription date

31/12/2019

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: : 31/01/2020

Structured Products

100%

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