|Closing Date:||April 26th, 2017||ISA Transfers:||April 10th, 2017|
|Start Date:||April 28th, 2017||Maturity Date:||May 13th, 2027|
Potential Gross Return: 6% per annum
Investment Type: Income/Auto-Call
Product Type: Capital at Risk
Investment Term: Maximum 10 years
Minimum Investment: £5,000
Underlying Asset: FTSE 100 Index
Capital Protection: This is a capital-at-risk product and the investor will lose some or all of the money if the Final Level of the Index is below 60% of its Opening Level. In this case, the reduction in the money invested in the Plan at the Maturity Date will equal the same percentage that the Final Level of the Index is below its Opening Level.
The closing date for applications by cheque is April 18th, 2017
The closing date for applications by ISA transfers is April 8th, 2017.
This will enable us to process your application and forward it on to the structured product provider.
2Next, click Download Plan on the left and download, print and complete the application form available. Note that Investec applications will have multiple documents, so please choose the one relevant to you.
3Place all completed documents - questionnaire, proofs of identity, application form and cheques for payment - in an envelope and post to:
Best Price Financial Services,
The Tythe Barn, 5 Eglwys Nunnydd,
Margam, Neath Port Talbot
All non-advised sales carry an arrangement fee of just 0.3%* of your investment. This is the cheapest percentage fee you'll find online, and all designed to help you make the most of your money. To work out the charge for your investment, use our simple cost calculator.
If you receive advice in the purchase of your Structured Product then this will incur an arrangement fee, but at just 1.5% this is lower than almost every other provider. Purchasing this way will ensure that you receive help and direction in choosing your plan, making it a good option for investors who are new to Structured Products.
The FTSE Dual Option Contingent Income Plan April 2017 Option 1 is a six year two week investment plan that offers potential gross income of 1.5% per quarter (6% per annum).
The return of capital and payment of any income are linked to the performance of the FTSE 100 Index.
If, on any Quarterly Measurement Date, the Closing Level of the Index is at least equal to 60% of its Opening Level, the Plan will pay a gross income of 1.5% for that quarter. No income will be payable for a quarter if, on the Quarterly Measurement Date, the Closing Level of the Index is below 60% of its Opening Level.
The first Quarterly Measurement Date will be 3 months after the Start Date. Thereafter, the performance of the Index will be measured quarterly (i.e every 3 months).
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.
Excluding the first seven Quarterly Measurement Dates, the Plan will kick out, i.e. mature early, if the Closing Level of the Index, on any Quarterly Measurement Date, is at least 5% above its Opening Level. 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 two years after the Start 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.