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Structured Fund

Ancoria 5-Year SEK Autocall 6.25% Fund

Unit price

119.31

Currency

SEK

1 week

0.67%

1 month

1.15%

Valuation date

18 Sep 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 Société Générale, BNP Paribas, NATIXIS, HSBC Bank and EFG International AG.
It has a maturity of 5 years and provides conditional capital protection under the circumstances described in the Particular Fund Conditions. 


  • Has a neutral to slightly positive outlook for the performance of the OMX Stockholm 30 Index who do not expect a price drop of more than 35% in 5 years time
  • 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

SG Issuer; BNP Paribas Arbitrage Issuance BV; NATIXIS STRUCTURED ISSUANCE SA; HSBC Bank Plc; EFG International Finance (Guernsey) Ltd

Trade currency

SEK

Fund start date

10/03/2017

Strike level

1,583.730

Strike date

09/03/2017

Capital protection

Conditional

Capital protection barrier type

Terminal

Capital protection barrier level

1,029.425

Initial unit price

100 SEK

Autocall observation dates

07/03/2018, 07/03/2019,
09/03/2020, 08/03/2021 

Autocall payment dates

26/03/2018, 26/03/2019,
26/03/2020, 26/03/2021 

Final observation date

07/03/2022

Redemption date

28/03/2022

Redemption at maturity
Maturity type

Autocall

Guarantor

Société Générale; BNP Paribas; NATIXIS; HSBC Bank; EFG International AG

Bonus coupon barrier level

1,583.730

Bonus coupon

6.25% per annum

Bonus coupon frequency

Annually

Bonus coupon type

Conditional/Memory

Bonus coupon observation dates

07/03/2018, 07/03/2019,
09/03/2020, 08/03/2021,
07/03/2022 

Bonus coupon payment dates

26/03/2018, 26/03/2019,
26/03/2020, 26/03/2021,
28/03/2022 

Final subscription date

12/04/2017

Payment details
Payment reference

Your policy number and the fund name

Entry fee

0 %

Early surrender fee

1 %

Management fee

0 %

Portfolio

Last updated: : 31/08/2020

Structured Products

100%

Risk information

  • Policyholders whose base currency is different to the currency of the fund (SEK) will be subject to currency risk
  • Policyholders face the possibility of losing a significant portion of the principal amount invested if at maturity the Underlying Index drops more than 35% from the Initial Level
  • 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 exit fees
  • Should the Fund be redeemed early policyholders have no right to future Coupon payments
  • If an issuer 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 some of their initial investment