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Ancoria 5-Year SEK Autocall 6.25% Fund
UNIT PRICE
115.03
CURRENCY
SEK
1 WEEK
  -0.24%
1 MONTH
  0.52%
VALUATION DATE
06 Dec 2019
CHANGE CURRENCY 


Closed for subscription


Objective of the fund

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. 
This is how it works:

For the first four years, the Fund has an early redemption feature whereby, depending on the performance of the OMX Stockholm 30 Index on each annual Autocall Observation Date, the Fund may redeem early and policyholders will receive 100% of their premium invested (less any early surrenders), plus a Conditional Coupon of 6.25% per year.

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 31.25% (6.25% per annum) plus 100% of the capital. 
  • Below the Initial Level but at or above the Capital Protection Barrier, policyholders will receive 100% of the capital. 
  • Below the Capital Protection Barrier, policyholders will be fully exposed to the performance of the OMX Stockholm 30 Index.

 

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 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 
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. 

 


ABOUT US
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.
CONTACT US
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
Cyprus
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SOCIAL RESPONSIBILITY
At Ancoria, we believe in investing in children and their education as they are the future of this world. We thus aim to use our strength as a company to provide opportunities to gifted students from disadvantaged backgrounds.

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