# Autocall- equity/funding correlation

Could someone explain how the price of an autocall changes with equity/funding correlation, please? I have sometimes heard that the trader who sells an autocall is long equity/funding correlation but I don't understand why.

Also, I interpret "funding" as market equity funding $$f$$, i.e. $$\text{Fwd}(t,T)= S e^{(r-q+f)(T-t)}$$.