| Meteor have launched their new tranche of plans for September 2021 which are sumarised 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’), Natixis, HSBC Bank plc and Goldman Sachs and you’ll see some of the description of them below, but again tap the links to see more information. The Counterparty for the Plans which are 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. |
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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.
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About Goldmans Sachs: The Goldman Sachs Group Inc. is a leading global investment banking, securities and investment management firm that provides
a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.The firm was founded as a private company in 1869 and went public on May 4, 1999. Goldman Sachs had 39,100 employees as of June 2020. The firm is headquartered in New York and maintains offices in all major financial centres around the world.
The Goldman Sachs Group, Inc. is listed on the New York Stock Exchange under the symbol “GS”.
Neither Goldman Sachs Group, Inc. or any of its affiliates have prepared this document and therefore accepts no responsibility for its contents, nor any liability for any losses in connection with the information contained herein. The Plan Manager has prepared this document and accepts responsibility for its contents.
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/
Source: Goldman Sachs, 29 September 2020
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About Natixis: Employing over 16,000 experts in 37 countries worldwide, Natixis is the international corporate, investment, insurance and financial services arm of Groupe BPCE. Natixis has expertise in three core businesses: Corporate & Investment Banking, Investment Solutions & Insurance, Specialised Financial Services. Groupe BPCE, is the second largest banking player in France. Groupe BPCE provides full financial support for Natixis, guaranteeing liquidity and solvency under French law.
Source: Natixis, Q1 Key Information Document, 2 August 2021
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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.
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
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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
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Meteor FTSE Daily Kick Out Plan September 2021 (Option 1)
Investment Return: If the Closing Level of the Index on 18 September 2023 or any subsequent Business Day before the Final Measurement Date is at least 5% above 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 7.50%. 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 5% above its Opening Level, the Plan will provide an investment return at the Maturity Date equal to 52.50%.
If the Final Level of the Index is not at least 5% above its Opening Level, no investment return will be payable at the Maturity Date.
This plan is only available on an ‘Advised’ basis.
Meteor FTSE Daily Kick Out Plan September 2021 (Option 2)
Investment Return: If the Closing Level of the Index on 18 September 2023 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 6.50%. 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 45.50%.
If the Final Level of the Index is below its Opening Level, no investment return will be payable at the Maturity Date.
This plan is only available on an ‘Advised’ basis.
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.
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Meteor FTSE 150 EWDR Kick Out Plan September 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 10% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be on 25 September 2023, 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 Opening Level, the Plan will provide an investment return at the Maturity Date equal to 80% 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 investment is only available on an ‘Advised’ basis.
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Meteor FTSE Growth Kick Out Plan September 2021
Investment Return: If the Closing Level of the Index on any Measurement Date before the Final Measurement Date is 5% or more above its Opening Level the Plan will kick out, i.e. mature early, and make a gross investment return of 9% of the money you invest for each year that the Plan has been in force.
The first Measurement Date will be on 12 September 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 5% or more above its Opening Level, the Plan will provide an investment return at the Maturity Date equal to 72% of the money you invest. If the Final Level of the Index is not 5% or more above 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 investment is only available on an ‘Advised’ basis.
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| Meteor FTSE Growth Kick Out Plan September 2021 (HSBC)
Investment Return: If the Closing Level of the Index on any Measurement Date before the Final Measurement Date is 5% or more above its Opening Level the Plan will kick out, i.e. mature early, and make a gross investment return of 8.50% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be on 19 September 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 5% or more above its Opening Level, the Plan will provide an investment return at the Maturity Date equal to 42.50% of the money you invest. If the Final Level of the Index is not 5% or more above 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 investment is only available on an ‘Advised’ basis. |
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| Meteor FTSE/STOXX Step Down Kick Out Plan September 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 7% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be on 30 September 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 49% 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): 30 September 2022: 105%, 29 September 2023: 100%, 30 September 2024: 100%, 30 September 2025: 100%, 30 September 2026: 95%, 30 September 2027: 90% and 2 October 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. |
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| Meteor FTSE Quarterly Kick Out Plan September 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 1.60% of the money you invest for each quarter that the Plan has been in force. The first Quarterly Measurement Date will be on 12 September 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 32% 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 investment is only available on an ‘Advised’ basis. |
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| Meteor FTSE 150 EWDR Quarterly Conditional Income Plan September 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 1.50% 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 23 December 2021, 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 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 25 September 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 investment is only available on an ‘Advised’ basis. |
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| Meteor FTSE/STOXX Quarterly Conditional Income Plan – September 2021
Investment Return
Income: If the Closing Levels of both Indices on any Quarterly Measurement Date are at least equal to 85% of their respective Opening Levels, the Plan will pay a gross income of 1.375% for that quarter. No income will be payable for a quarter if the Closing Level of one, or both, Indices is below 85% of its Opening Level on the Quarterly Measurement Date.
The first Quarterly Measurement Date will be on 29 December 2021, three months after the Start Date. Thereafter, the performance of the Indices 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 Levels of both Indices are at least 5% above their respective Opening Levels 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 25 September 2023, two years after the Start Date.
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. |
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| There are still a few plans available from the August tranche which are detailed below:
Meteor FTSE/S&P Kick Out Plan August 2021 offering a potential return of 8% for each year in force from year 1 – click here for more information
Meteor FTSE Kick Out Plan August 2021 (Option 1) offering a potential return of 7.35% for each year in force from year 1 – click here for more details
Meteor FTSE Kick Out Plan August 2021 (Option 2) offering a potential return of 6.75% for each year in force from year 1 – click here for more information
Meteor FTSE Step Down Kick Out Plan August 2021 (Option 1) offering a potential return of 6.1% for each year in force from year 1 – click here for more details
Meteor FTSE Step Down Kick Out Plan August 2021 (Option 2) offering a potential return of 5.5% for each year in force from year 1 – click here for more information |
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| 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 |
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