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Meteor launch new tranche of plans for March 2022..

  • Monday, January 31, 2022
Meteor launch new tranche of plans for March 2022…….
meteor
Good AfternoonWe are writing to let you know that Meteor have launched the following new plans for March 2022:

FTSE Kick Out Plan March 2022 (Option 1) – a maximum 7-year 3-week investment offering a potential investment return of 8.25% for each year that the Plan is in force.

FTSE Kick Out Plan March 2022 (Option 2) – a maximum 7-year 3-week investment offering a potential investment return of 7.50% for each year that the Plan is in force.

FTSE Daily Kick Out Plan March 2022 – a maximum 7-year 3-week investment offering a potential investment return of 7% based on days in force, payable from Year 2.  This plan is only available on an ‘Advised’ basis.

FTSE Super Defensive Kick Out Plan March 2022 – a maximum 7-year 3=233k investment offering a potential gross investment return of 6.75% for each year the Plan has been in force from year 2.

FTSE Kick Out Plan March 2022 (Credit Agricole) a maximum 8-year 3-233k investment offering a potential gross investment return of 8% for each year the Plan has been in force.  This plan is only available on a ‘Advised’ basis.

FTSE/STOXX Defensive Kick Out Plan March 2022 – a maximum 7-year 3-233k investment offering a potential gross investment return of 8% for each year the Plan has been in force from year 2.

A brief summary of each plan is detailed below:
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FTSE Kick Out Plan March 2022 (Options 1 & 2)

Investment Return – Option 1: The first Measurement Date will be on 16 March 2023, one year 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 Opening Level the Plan will kick out, i.e. mature early, and make a gross investment return. The investment return, if triggered, would be 8.25% 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 Opening Level, the Plan will provide an investment return at the Maturity Date equal to 57.75% of the money you invest. If the Final Level of the Index is below its Opening Level, neither Option will provide an investment return 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.

Investment Return – Option 2: The first Measurement Date will be on 16 March 2023, one year 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 Opening Level the Plan will kick out, i.e. mature early, and make a gross investment return. The investment return, if triggered, would be 7.50% 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 Opening Level, the Plan will provide an investment return at the Maturity Date equal to 52.50% of the money you invest. If the Final Level of the Index is below its Opening Level, neither Option will provide an investment return at the Maturity Date.

Capital Return: 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.

The counterparty for these plans is Citigroup Global Markets Ltd
Click here for further details of the Meteor FTSE Kick Out Plan March 2022 (Option 1)
Click here for further details of the Meteor FTSE Kick Out Plan March 2022 (Option 2)
FTSE Super Defensive Kick Out Plan March 2022

Investment Return: 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 of 5.75% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be on 21 March 2024, two years 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 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, no investment return will be payable at the Maturity Date.

Measurement Dates & Reference Levels (% of Opening Level): 21 March 2024: 105%, 21 March 2025: 100%, 23 March 2026: 95%, 22 March 2027: 90%, 21 March 2028: 85% and 21 March 2029 (Final Measurement Date): 75%.

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.

The Counterparty for this plan is Citigroup Global Markets Ltd.

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Click here for more details of the Meteor FTSE Super Defensive Kick Out Plan March 2022

About Citigroup Global Markets Ltd: is a wholly owned, indirect subsidiary of Citigroup Inc, limited by shares. It is Citi’s international broker dealer, providing products and services for institutional clients. It is a market maker in equity, fixed income and commodity products across cash, over the-counter (OTC) derivates and exchange traded markets, as well as a provider of investment banking capital markets and advisory services. CGML operates globally, generating the majority of its business from the Europe, Middle East and Africa (EMEA) region with the remainder coming from Asia and the Americas.

Source: “Citigroup Global Markets Limited Annual Report and Financial Statements for the year ended 31 December 2020”, accessed 1 October 2021
FTSE Daily Kick Out Plan March 2022 
(Only available on an ‘Advised’ basis)

Investment Return: If the Closing Level of the Index on 25 March 2024 or any subsequent Business Day 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 based on how long the Plan has been in force. The investment return will equal the number of days since the Start Date divided by 365 and multiplied by 7%.

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%. 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.

The Counterparty for this plan is Goldman Sachs International
Click here for more details of the Meteor FTSE Daily Kick Out Plan March 2022

About Goldman Sachs International: Goldman Sachs International provides financial services. The Company offers investment banking, securities, and investment management services to corporations, financial institutions, and governments. Goldman Sachs International operates worldwide.

Source: Bloomberg, 4 November 2021

The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New
York and maintains offices in all major financial centres around the world.

Source: goldmansachs.com, 4 November 2021

Additional information relating to Goldman Sachs Group Inc. credit ratings, which are different to those of its issuing entities, is available by accessing the following website: http://www.goldmansachs.com/investor-relations/creditor-information/
FTSE Kick Out Plan March 2022 (Credit Agricole)
(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 of 8% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be on 20 March 2023, 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.

The Counterparty for this investment is Credit Agricole CIB.
Click here for more details of the Meteor FTSE Kick Out Plan March 2022 (Credit Agricole)

About Credit Agricole CIB: Crédit Agricole CIB is the Corporate and Investment Banking arm of the Crédit Agricole Group, the world’s #12 bank measured by Tier One Capital (The Banker, July 2021). Crédit 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, 7 December 2021

FTSE/STOXX Defensive Kick Out Plan March 2022

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 18 March 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 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): 18 March 2024: 100%, 18 March 2025: 100%, 18 March 2026: 100%, 18 March 2027: 95%, 20 March 2028: 90% and 19 March 2029 (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.

The Counterparty for this plan is Morgan Stanley & Co International PLC
Click here for more details of the Meteor FTSE/STOXX Defensive Kick Out Plan March 2022

About Morgan Stanley & Co International PLC: 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.

Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.

Source: Bloomberg, 29 November 2021

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.
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.

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.

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