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Ancoria 3-Year EUR Autocall 6.5% Fund

30 Apr 2018


Objective of the fund

The Fund aims to pay a conditional coupon as well as to offer an early redemption feature. Whether or not the coupon is paid will be determined by the performance of the Eurostoxx 50 Index (SX5E), as described in the particular conditions.

This is how it works:

For the first two years, the Fund has an early redemption feature whereby, depending on the performance of the Eurostoxx 50 Index evaluated on each yearly autocall observation date, the Fund may redeem early and policyholders will receive 100% of their premium invested plus an attractive coupon.

The amount payable at maturity, provided that the product is not early redeemed, will be determined by the closing level of the Eurostoxx 50 Index on the final observation date as described in the particular conditions.

The expected payoff is illustrated in the diagram below.

The fund is suitable for the investor that:
  • has a neutral to slightly positive outlook for the performance of the Eurostoxx 50 Index and does not expect a price drop of 40% or more three years from the Fund start date.
  • aims for an attractive return.
  • is looking for an investment linked to a major European Index.
  • can accept a holding period of up to three years.
  • is comfortable with an investment where the repayment of capital is dependent on the performance of Eurostoxx 50 Index. The investor's capital is protected as long as the underlying index, Eurostoxx 50, is at or above the capital protection risk barrier at maturity.

Risk information
  • Policyholders who invest in a currency different to the currency of the fund (EUR) 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 is below the capital protection barrier level.
  • Policyholders who need access to all or some of their initial investment before the termination of the product, 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 the 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 or all of their initial investment.

Ancoria is an established Insurance Company, founded in 1987. The Company services the saving and investment requirements of an extensive list of international clients by specialising in customised and carefully designed Life Insurance Policies that are underpinned by investment opportunities in a wide range of funds, structured products and equity trading.
Customer service
Phone: +357 22 551 300
Fax: +357 22 498 592
Sweden Toll-Free Number:
0200 110 130
Ancoria Insurance
P.O. Box 23415
1683 Nicosia

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