Meteor FTSE/S&P Kick Out Plan September 2020
A maximum seven-year three-week investment offering a potential gross investment return of 10% payable for each year in force from year 1. The capital and investment return are linked to the performance of the FTSE 100 Index and S&P 500 Index.
The closing date for ISA transfer applications is 10 September 2020.
Product Literature & Forms
You should always read the relevant plan brochure and any other plan documentation, for full details of the plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document ('KID'), that you should consider, before deciding to invest in the plan.
If you do not fully understand the risks or are unsure as to the suitability of the investment, please contact us
How to Invest?
Please note: This plan is available on an advised basis only. If you are interested in this plan, please telephone us on 01639 860111 to arrange a free consultation
1 Call for a free initial telephone consultation. If you wish to progress the process of the product purchase, the regulatory process of ‘advice’ must commence.
2 The completion of a financial review – which will confirm details of your income/capital and investment needs and experience
3 The completion of a risk profiler - which will help to measure your attitude to risk.
This process will enable ‘advice’ to be provided in relation to the suitability of the product to meet with your needs. The fee for this service and process is 1.5% (subject to a minimum fee of £300) for focused advice – which is focused and narrowed to the suitability of the structured product you want to purchase.
The FTSE/S&P Kick Out Plan September 2020 is a maximum 7-year 3-week investment offering a potential gross investment return of 10% for each year in force from year 1.
The capital and investment return are linked to the performance of the FTSE 100 Index and S&P 500 Index (each an ‘Index’, collectively the ‘Indices’).
The Securities purchased will be Notes issued by Credit Agricole CIB Financial Solutions and guaranteed by Credit Agricole CIB. The Securities can be viewed in a similar way to a loan to the Issuer and are linked to the performance of Preference Shares issued by Broadwalk Investments Limited, which is in turn linked to the performance of the Index
This is a capital-at-risk product and the investor will lose money if the Final Level of the lower performing Index is below 65% of its Opening Level. The amount of your money that you would lose will be the percentage by which the Final Level of that Index is below its Opening Level. In extreme circumstances you could lose all of your money. If the Final Level of the lower performing Index is at least equal to 65% of its Opening Level you will get back the amount you invested.
If the Closing Levels of both Indices on any Measurement Date before the Final Measurement Date are at least equal to their respective Opening Levels, the Plan will kick out, i.e. mature early, and make a gross investment return of 10% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be on 30 September 2021, one year after the Start Date.
If the Plan has not matured early, and the Closing Levels of both Indices on the Final Measurement Date (the ‘Final Levels’) are at least equal to their respective Opening Levels, the Plan will provide an investment return at the Maturity Date equal to 70% of the money you invested. If the Final Level of one or both Indices is below its Opening Level, no investment return will be payable at the Maturity Date.
It is possible that the Issuer and Guarantor could collapse or fail to make the payments due. If this happened you would lose some, or all, of your original investment, as well as any investment return to which you might otherwise have become entitled.
It is Meteor's understanding that any investment return from this Plan will be subject to Capital Gains Tax.
Please note an additional 0.25% charge will apply to this product if you require paper-based correspondence, rather than online communications from Meteor Asset Management.
All investments carry risk. It is identifying those risks, understanding how they may affect an investment and assessing whether an investment is suitable for your circumstances that is important.
The potential returns of most structured products and repaying the money invested are usually linked to the level of a stock market index and also depend on the financial stability of the issuer and counterparty bank. You should only consider investing if you understand and accept the risk of losing some or all of any money invested.
You should always read the relevant plan brochure and any other plan documentation, for full details of a plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document (‘KID’), that you should consider, before deciding to invest in a plan.
Structured products should only be considered as part of a diversified and balanced portfolio.
Below is a summary of some of the main risks usually associated with an investment in structured products plans: