Ancoria 5-Year SEK Autocall 6.75% Fund

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