FVC custom indexes

The Dow Jones Eurostoxx 50 Index has fallen by more than either of the FVC capital-at-risk indexes since the end of August 2009, mainly due to the capital protection that these two indexes represent.

Since the end of August 2009, the Eurostoxx 50 index has fallen by about 5.5%. While only one of the two FVC capital-at-risk indexes – the Accelerated Growth index – has declined year-on-year, it has not fallen as much as the benchmark index, mainly because of the element of capital protection, a 50% barrier, which is built into hypothetical products tracked by the index.

The hypothetical products held by the indexes have a maturity of five years, with the oldest product maturing on each index