Coupon: The Fund pays policyholders a guaranteed annual coupon of 3.25% (net) for a maximum period of three years, irrespective of the performance of the Underlying Index (OMX Stockholm 30 Index).
Conditional Annual Early Redemption (Years 1 & 2): If on any Autocall Observation Date the OMX Stockholm 30 Index closes at or above the Autocall Barrier (Initial Level), the Fund will redeem early and policyholders will receive 100% of their capital.
At maturity, Year 3: The Fund provides conditional capital guarantee based on the level of the OMX Stockholm 30 Index on the Final Observation Date. More specifically if the index level is:
• At or above the Capital Protection Barrier (60% of Initial Level), policyholders will receive 100% of their capital.
• Below the Capital Protection Barrier, policyholders will receive their capital reduced by the performance of the OMX Stockholm 30 Index.