We are writing to advise you that Meteor have launched further plans for February and March 2022:
- FTSE Step Down Kick Out Plan February 2022 (Options 1 and 2)
- FTSE Semi-Annual Kick Out Plan (Y2 65) March 2022 (This is only available on an ‘Advised’ basis)
- FTSE/STOXX Super Step Down Kick Out Plan March 2022
A summary of each plan is provided below.
Once again, thank you for your continued interest in our Investment services and look forward to transacting more business with you shortly. |
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Meteor FTSE Step Down Kick Out Plan February 2022 (Option 1)
This is a capital at risk investment offering a potential gross investment return of 6.50% payable for each year in force from year 2.
Investment Return – Option 1: The first Measurement Date will be on 28 February 2024, two years after the Start Date. If the Closing Level of the Index on any Measurement Date before the Final Measurement Date is at least equal to its Reference Level the Plan will kick out, i.e. mature early, and make a gross investment return. The investment return, if triggered, would be 6.50% of the money you invest for each year that the Plan has been in force.
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 Reference Level, the Plan will provide an investment return at the Maturity Date equal to 45.50% of the money you invest. If the Final Level of the Index is below its Reference Level, neither option will provide an investment return at the Maturity Date.
Measurement Dates & Reference Levels (% of Opening Level): 28 February 2024: 100%, 28 February 2025: 100%, 27 February 2026: 95%, 26 February 2027: 95%, 28 February 2028: 90% and 28 February 2029 (Final Measurement Date): 85%.
Capital Return: You will lose money if the Final Level of the Index is below 65% of its Opening Level. 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. 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.
Meteor FTSE Step Down Kick Out Plan February 2022 (Option 2)
This is a maximum seven-year three-week investment with a potential gross investment return of 5.75% payable for each year in force from year 2.
Investment Return – Option 2: The first Measurement Date will be on 28 February 2024, two years after the Start Date. If the Closing Level of the Index on any Measurement Date before the Final Measurement Date is at least equal to its Reference Level the Plan will kick out, i.e. mature early, and make a gross investment return. The investment return, if triggered, would be 5.75% of the money you invest for each year that the Plan has been in force.
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 Reference Level, the Plan will provide an investment return at the Maturity Date equal to 40.25% of the money you invest.
If the Final Level of the Index is below its Reference Level, neither option will provide an investment return at the Maturity Date.
Measurement Dates & Reference Levels (% of Opening Level): 28 February 2024: 100%, 28 February 2025: 100%, 27 February 2026: 95%, 26 February 2027: 95%, 28 February 2028: 90% and 28 February 2029 (Final Measurement Date): 85%.
Capital Return: This is a capital at risk investment and you You will lose money if the Final Level of the Index is below 60% of its Opening Level. If the Final Level of the Index is at least equal to 60% of its Opening Level you will get back the amount you invested. 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.
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About Morgan Stanley & Co. International plc: Morgan Stanley & Co International plc is ultimately wholly owned by Morgan Stanley, which, together with the Group and Morgan Stanley’s other subsidiary undertakings, form the Morgan Stanley Group, a US corporation whose shares are listed on the New York Stock Exchange.
Morgan Stanley & Co International PLC provides financial services. The Company offers mergers, acquisitions, restructurings, fixed income, equity financing, secondary trading, market research, foreign exchange, commodities, securities lending, asset management, and prime brokerage services. Morgan Stanley & Co. International serves customers worldwide.
Source: Bloomberg, 14 April 2021
The Morgan Stanley Group is a global financial services firm that maintains significant market positions in each of its business segments: Institutional Securities, Wealth Management and Investment Management. The Morgan Stanley Group provides a wide variety of products and services to a large and diversified group of
clients and customers, including corporations, governments, financial institutions and individuals.
Source: www.morganstanley.com, 14 April 2021
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| Meteor FTSE Semi-Annual Kick Out Plan (Y2 65) March 2022
The Meteor FTSE Semi-Annual Kick Out Plan (Y2 65) March 2022 is a capital at risk investment offering a Potential gross investment return of 3.50% payable for each semester in force from year 2. This plan is only available on an Advised basis.
Investment Return: If the Closing Level of the Index on any 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 for each half year that the Plan has been in force.
The first Measurement Date will be on 28 March 2024, two years after the Start Date. In the event an early maturity is triggered at this point the investment return payable will be 14%. The potential investment return will then increase by 3.50% for each subsequent half year.
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 35% 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.
Capital Return: This is a capital at risk investment and you will lose money if the Final Level of the Index is below 65% of its Opening Level. 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. 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. |
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About HSBC Bank Plc: HSBC Bank PLC provides banking and financial services. The Bank offers personal and business banking, home loans, borrowing, investments, insurance, non-resident services, and online banking
services. HSBC Bank serves clients globally.Source: Bloomberg, 1 February 2022
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| Meteor FTSE/STOXX Super Step Down Kick Out Plan March 2022
This is a maximum seven year three week investment offering a potential gross investment return of 6% payable for each year in force from year 2.
Investment Return: If the Closing Levels of both Indices on any Measurement Date before the Final Measurement Date are at least equal to their respective Reference Levels, the Plan will kick out, i.e. mature early, and make a gross investment return of 6% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be on 2 April 2024, two years 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 Reference Levels, the Plan will provide an investment return at the Maturity Date equal to 42% of the money you invested. If the Final Level of one or both Indices is below its Reference Level, no investment return will be payable at the Maturity Date.
Measurement Dates & Reference Levels (% of Opening Level): 2 April 2024: 100%, 31 March 2025: 100%, 30 March 2026: 95%, 30 March 2027: 85%, 30 March 2028: 75% and 3 April 2029 (Final Measurement Date): 65%.
Capital Return: This is a capital at risk investment and you 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. |
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About BNP Paribas: BNP Paribas has a presence in 68 countries, with more than 193,000 employees, including nearly 148,000 in Europe. The Group supports
all its customers – individuals, associations, entrepreneurs, SMEs and institutions – in the success of their projects through its financing, investment, savings and protection solutions.BNP Paribas holds key positions in its three operating divisions:
Retail Banking division brings together all of the Group’s retail activities and specialised business lines.
Investment & Protection Services includes specialised businesses offering a wide range of savings, investment and protection services.
Corporate & Institutional Banking division offers tailored financial solutions for corporate and institutional clients.
Source: https://group.bnpparibas/en/group, accessed 27 January 2022
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| Don’t Forget the RisksAs 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.
Past performance is not a guide to future performance and may not be repeated. Investment involves risk. The performance data does not take account of the commissions and costs incurred on the issue and redemption of shares. The value of investments and the income from them may go down as well as up and investors may not get back any of the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rate changes may cause the value of overseas investments to rise or fall.
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 liquidity or counterparty over 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.
Warmest Regards.
Best Price FS Team |
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