FTSE Defensive Kick Out Plan July 2019
A maximum 7 year 3 week investment offering a potential gross investment return 7.75% per annum from year 1. Kick Out Levels are reduced from year 3 to increase the chance of early expiry.
The closing date for ISA transfer applications is 26 June 2019.
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 FTSE Defensive Kick Out Plan July 2019 is a maximum seven year three week investment offering a potential gross investment return of 7.75% per annum. The capital and investment return are linked to the performance of the FTSE 100 Index.
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 7.75% of the money invested for each year that the Plan has been in force.
If, on a Measurement Date, before the Final Measurement Date, the closing level of the Index is below its Reference Level, no investment return will be made and the Plan will remain in force.
The Reference Levels are as follows: year 1 at 105%; year 2 at 100%; year 3 at 100%; year 4 at 95%; year 5 at 95%; year 6 at 90% and year 7(Final Level) at 85%.
If the Final Level of the Index is at least equal to 85% of its Opening Level, the Plan will make an investment return at the Maturity Date equal to 54.25% of the money invested in the Plan. If the Final Level of the Index is below 85% of its Opening Level, no investment return will be payable at the Maturity Date.
Please note an additional 0.25% charge will apply to this product if you require paper-based correspondence, rather than online communications from Meteor Asset Management.
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: