|Closing Date:||November 8th, 2017||ISA Transfers:||October 25th, 2017|
|Start Date:||November 10th, 2017||Maturity Date:||November 24th, 2027|
Potential Gross Return: 0.4375% per month
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. The investor will lose some, or all, of their money if the Final Level of the Index is below 60% of its Opening Level. The amount the investor would lose will equal the percentage that the Final Level of the Index is below its Opening Level.
The closing date for applications by cheque is October 31st, 2017
The closing date for applications by ISA transfers is October 23rd, 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 Monthly Contingent Income Plan November 2017 Option 1 is a ten year two week investment plan that offers potential gross income of 0.4375% per month (5.25% per annum).
The return of capital and payment of any income are linked to the performance of the FTSE 100 Index.
If, on any Monthly Measurement Date, the Closing Level of the Index is at least equal to 65% of its Opening Level, the Plan will pay a gross income of 0.4375% for that month. No income will be payable for a month if, on the Monthly Measurement Date, the Closing Level of the Index is below 65% of its Opening Level.
The first Monthly Measurement Date will be 1 month after the Start Date. Thereafter, the performance of the Index will be measured monthly.
If the kick-out condition is met (see below), income will be paid in respect of that month and the Plan will mature early. No further income payments will then be payable.
From the end of the 2nd year, 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 the investor would receive a full return of the money invested as well as the income due for that month. The first Quarterly Measurement Date on which an early maturity could be triggered will be 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.