Ancoria 2-Yr EUR Autocall 3.25% Guaranteed Coupon

Coupon: The Fund pays policyholders a guaranteed annual coupon of 3.25% (net) for a maximum period of two years, irrespective of the performance of the Underlying Index (S&P 500 Index). 

Conditional Early Redemption (end of Year 1): If on the Autocall Observation Date the Underlying Index closes at or above the Autocall Barrier (Initial Level), the Fund will redeem early and policyholders will receive 100% of their capital.

At maturity (end of Year 2): The Fund provides conditional capital guarantee based on the level of the Underlying Index on the Final Observation Date. More specifically if the index level is:

• At or above the Capital Protection Barrier (50% of Initial Level), policyholders will receive 100% of their capital.
• Below the Capital Protection Barrier, policyholders will receive their capital reduced by the performance of the Underlying Index.

• Have a neutral to slightly positive outlook for the performance of the S&P500 Index who do not expect a price drop of more than 50% after 2 years (at maturity).
• aim for an attractive guaranteed coupon. 
• are looking for an investment linked with the US equity market. 
• can accept a holding period of up to 2 years.