Meteor FTSE Step Down Kick-Out Plan June 2021 (Option 2)
The Meteor FTSE Step Down Kick-Out Plan June 2021 (Option 2) is a maximum six-year three-week investment with a potential gross investment return of 5.10% payable for each year in force from year 2. This investment is only available on an 'Advised' basis.
The closing date for ISA transfer applications is 14 June 2021.
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 Meteor FTSE Step Down Kick-Out Plan June 2021 (Option 2) is a maximum seven-year three-week investment with a potential gross investment return of 5.10% payable for each year in force from year 2.
Investment Return: The first Measurement Date will be on 30 June 2023, 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 5.10% 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 35.70% 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): 30 June 2023: 100%, 1 July 2024: 100%, 30 June 2025: 100%, 30 June 2026: 95%, 30 June 2027: 90% and 30 June 2028 (Final Measurement Date): 85%
Capital Return: This is a capital at risk investment and 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. In both cases, 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.
The Securities purchased will be Notes issued 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.
It is the understanding of Meteor that any investment return from a direct investment by individuals or Trusts into this Plan is expected to be subject to Capital Gains Tax.
If you wish to change the way Meteor communicate with you, you will need to provide a letter signed by all account holders. Please note that there could be a charge of up to 0.25% of your original investment if you change to paper-based communications.
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: