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Meteor plans for April 2022

  • Monday, February 28, 2022
Meteor

METEOR STRUCTURED PRODUCTS – APRIL 2022
meteor
 Meteor have launched their new tranche for April 2022:

  • FTSE 150 EWDR Kick Out Plan April 2022
  • FTSE 150 EWDR Defensive Kick Out Plan April 2022
  • FTSE/STOXX Quarterly Conditional Income Plan April 2022
  • FTSE Step Down Kick Out Plan April 2022 (Option 1 & 2)

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.

Meteor FTSE 150 EWDR Kick Out Plan April 2022

This is a capital at risk investment offering a potential gross investment return of 10% payable for each year in force from year 2.

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 10% of the money you invest for each year that the Plan has been in force.

The first Measurement Date will be on 4 April 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 80% 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): 4 April 2024: 100%, 4 April 2025: 100%, 7 April 2026: 95%, 5 April 2027: 95%, 4 April 2028: 90%, 4 April 2029: 90% and 4 April 2030 (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.
Click here for more details of the Meteor FTSE 150 EWDR Kick Out Plan April 2022
Meteor FTSE 150 EWDR Defensive Kick Out Plan April 2022

The Meteor FTSE 150 EWDR Defensive Kick Out Plan April 2022 is a capital at risk investment offering a Potential gross investment return of 10% of the money you invest for each year that the Plan has been in force.

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 10% of the money you invest for each year that the Plan has been in force.

The first Measurement Date will be on 4 April 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 80% 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): 4 April 2024: 100%, 4 April 2025: 100%, 7 April 2026: 95%, 5 April 2027: 95%, 4 April 2028: 90%, 4 April 2029: 90% and 4 April 2030 (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 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.
Click here for more details on the Meteor FTSE 150 EWDR Defensive Kick Out Plan April 2022
Meteor FTSE/STOXX Quarterly Conditional Income Plan April 2022

This is a maximum seven year three week investment offering a Potential gross income of 1.75% per quarter.

Investment Return

Income: If the Closing Levels of both Indices on any Quarterly Measurement Date are at least equal to 80% of their respective Opening Levels, the Plan will pay a gross income of 1.75% for that quarter. No income will be payable for a quarter if the Closing Level of one, or both, Indices is below 80% of its Opening Level on the Quarterly Measurement Date.

The first Quarterly Measurement Date will be on 6 July 2022, 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 1, the Plan will kick-out, i.e. mature early, if the Closing Level 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 6 April 2023, one year after the Start Date.
Click here for more details on the Meteor FTSE/STOXX Quarterly Conditional Income Plan April 2022

About Citigroup Global Markets Limited (CGML): CGML 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
Meteor FTSE Step Down Kick Out Plan April 2022 (Option 1)

This is a maximum seven year three week investment offering a Potential gross investment return of 7% payable for each year in force from year 2.

Investment Return: The first Measurement Date will be on 8 April 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 7% 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 49% 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): 8 April 2024: 100%, 8 April 2025: 100%, 8 April 2026: 95%, 8 April 2027: 95%, 10 April 2028: 90% and 9 April 2029 (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 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 April 2022 (Option 2)

This is a maximum seven year three week investment offering a Potential gross investment return of 6.50% payable for each year in force from year 2.

Investment Return: The first Measurement Date will be on 8 April 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): 8 April 2024: 100%, 8 April 2025: 100%, 8 April 2026: 95%, 8 April 2027: 95%, 10 April 2028: 90% and 9 April 2029 (Final Measurement Date): 85%.

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.
Click here for more details on the Meteor FTSE Step Down Kick Out Plan April 2022 (Option 1)
Click here for more details on the Meteor FTSE Step Down Kick Out Plan April 2022 (Option 2)

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
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
Advice: Simply click here to get in touch if you wish to receive regulated advice in relation to the ‘suitability’ of the plans to meet your investment needs.