Good Afternoon Meteor FTSE Quarterly Kick Out Plan November 2020 Meteor have launched the above plan which is a maximum 7 year 3 week investment offering a potential gross investment return of 1.75% payable for each quarter in force. The counterparty for this Plan is HSBC Bank plc which had a credit rating of ‘A+’ from Standard & Poor’s, as of 2 October 2020. This is a capital at risk plan and only available with advice. You will lose money if the Final Level of the 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 the Index is below its Opening Level. In extreme circumstances you could lose all of your money. If the Final Level of the Index is at least equal to 65% of its Opening Level you will get back the amount you invested. Investment Return If the Closing Level of the Index on any Quarterly Measurement Date before the Final Measurement Date is at least equal to its Opening Level the Plan will kick out, i.e. mature early, and make a gross investment return of 1.75% of the money you invest for each quarter that the Plan has been in force. The first Quarterly Measurement Date will be on 8 November 2021, one year after the Start Date. If the Plan has not matured early, and the Closing Level of the Index on the Final Measurement Date (the ‘Final Level’) is at least equal to its Opening Level, the Plan will provide an investment return at the Maturity Date equal to 49% of the money you invest. If the Final Level of the Index is below its Opening Level, no investment return will be payable at the Maturity Date.
For further information please click on the following link: Don’t Forget the Risks https://bestpricefs.co.uk/meteor-structured-products/#risks As with all forms of investment there are risks involved. These plans do not guarantee to repay the money invested. The potential returns of the plans and repaying the money invested are linked to the level of the stock market and also depend on the financial stability of the Issuer and Counterparty Bank. The promotion of the plans does not constitute ‘advice’ to invest. Advice is always specific to an individual investor’s circumstances and needs, following the process of ‘know your customer’, with the aim of ensuring that any product is suitable for an investor. As always, the recommendation and common sense approach is to consider product solutions as a portfolio, never over-exposing oneself to a point of financial pain and suffering liquid or counterparty exposure. At the Best Price FS price point (when combined with our smiley and helpful service) the Meteor Plans are certainly worthy of consideration for inclusion within investment portfolios. Advice Simply get in touch if you wish to receive regulated advice in relation to the ‘suitability of the plans to meet your investment needs’. Warmest Regards. Best Price FS Team |
