|
Meteor have launched some new plans for November 2021 which are summarised below. A number of the plans are only available with Advice so please make sure you use the links below to contact us so we can work with you.
The counterparty for the Plans which require ‘Advice’ are Credit Agricole Corporate & Investment Bank (Credit Agricole CIB) (the ‘Guarantor’) and HSBC Bank plc and you’ll see some of the description of them below, but again tap the links to see more information. The Counterparty for the Plan which is available on a Non Advised basis is Morgan Stanley – see below for more details.
Thanks for your continued interest in our Investment services and we look forward to working with you. |
|
About Credit Agricole: Credit Agricole CIB is the Corporate and Investment Banking arm of the Credit Agricole Group. Credit Agricole CIB offers its clients a large range of products and services in capital markets, investment banking, structured finance and corporate banking. The Corporate and Investment Bank is structured around six major divisions: Client Coverage & International Network, International Trade & Transaction Banking, Global Investment Banking, Structured Finance, Fixed Income Markets, Debt Optimisation and Distribution.
The Bank provides support to clients in large international markets through its network with a presence in major countries in Europe, America, Asia Pacific and the Middle East.
Source: www.ca-cib.com, 8 March 2021
They are capital at risk plans and only available with advice.
|
|
|
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.
HSBC owns all or parts of HSBC Bank plc in the UK, The Hong Kong and Shanghai Banking Corporation, HSBC France, The Saudi British Bank, and Hong Kong’s Hang Seng Bank.
Source: Bloomberg, 26 April 2021
|
|
|
About Morgan Stanley: 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
|
|
|
 |
|
Meteor FTSE Kick Out Plan November 2021
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 of 8% of the money you invest for each year that the Plan has been in force.
The first Measurement Date will be on 22 November 2022, 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 64% 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: 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.
This plan is only available on an ‘Advised’ basis.
|
|
 |
Meteor FTSE Defensive Kick Out Plan November 2021
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 8% of the money you invest for each year that the Plan has been in force.
The first Measurement Date will be on 14 November 2022, 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 Reference Levels, the Plan will provide an investment return at the Maturity Date equal to 56% 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) 14 November 2022: 105%, 13 November 2023: 100%, 12 November 2024: 100%, 12 November 2025: 100%, 12 November 2026: 95%, 12 November 2027: 90%, 13 November 2028 (Final Measurement Date): 85%
Capital Return: 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.
This plan is only available on an ‘Advised’ basis.
|
|
 |
| Meteor FTSE/STOXX Step Down Kick Out Plan November 2021
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 8% of the money you invest for each year that the Plan has been in force.
The first Measurement Date will be on 14 November 2022, 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 Reference Levels, the Plan will provide an investment return at the Maturity Date equal to 56% 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) 14 November 2022: 105%, 13 November 2023: 100%, 12 November 2024: 100%, 12 November 2025: 100%, 12 November 2026: 95%, 12 November 2027: 90%, 13 November 2028 (Final Measurement Date): 85%
Capital Return: 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. |
|
 |
| Meteor FTSE Quarterly Conditional Income Plan November 2021
Investment Return:
Income: If the Closing Level of the Index on any Quarterly Measurement Date is at least equal to 85% of its Opening Level, the Plan will pay a gross income of 1.25% for that quarter. No income will be payable for a quarter if the Closing Level of the Index is below 85% of its Opening Level on the Quarterly Measurement Date.
The first Quarterly Measurement Date will be on 15 February 2022, three months after the Start Date. Thereafter, the performance of the Index will be measured quarterly. If the kick-out condition is met (see below), income will be paid in respect of that quarter and the Plan will mature early. No further income payments will then be payable.
Kick-out condition: From year 2, the Plan will kick-out, i.e. mature early, if the Closing Level of the Index is at least equal to 5% or more above its Opening Level on any Quarterly Measurement Date. In this event you would receive a full return of your money, as well as the income due for that quarter. The first Quarterly Measurement Date on which an early maturity could be triggered will be on 15 November 2023, two years after the Start Date.
Capital Return: 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.
This plan is only available on an ‘Advised’ Basis. |
|
 |
| Meteor FTSE Quarterly Kick Out Plan November 2021
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 1.55% of the money you invest for each quarter that the Plan has been in force.
The first Quarterly Measurement Date will be on 2 November 2022, 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 31% 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: 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.
This plan is only available on an ‘Advised’ Basis. |
|
| Don’t Forget the 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.
Warmest Regards.
Richard Harry
Best Price FS Team |
|
|
|
