Year 1-3: If on any Autocall Observation Date the EURO STOXX 50 Index closes at or above the Autocall Barrier, the Fund will redeem early and policy holders will receive 100% of their capital plus 8.5% less management fee, for every year since the Fund Start Date.
At maturity, Year 4: Both the return and capital guarantee will depend on the closing level of the EURO STOXX 50 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 34% (8.5% 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 EURO STOXX 50 Index and the management fee.