Year 1-2: If on any Autocall Observation Date, both the OMX Stockholm 30 and the S&P 500 close at or above the Autocall Barrier, the Fund will redeem early and policy holders will receive 100% of their capital plus 6% coupon for every year since the Fund Start Date, less management fee.
At maturity, Year 3: Both the return and capital guarantee will depend on the closing levels of the OMX Stockholm 30 and the S&P 500 on the Final Observation Date.
More specifically, if
Both indices close at or above their Initial Level, policyholders will receive a total return of 18% (6% per annum) plus 100% of the capital less management fee.
Any index closes below the Initial Level and both close at or above their Capital Protection Barrier, policyholders will receive 100% of the capital less management fee.
Any index closes below its Capital Protection Barrier, policyholders will receive their capital reduced by the performance of the worst performing index and the management fee.