FTSE Monthly Contingent Income Plan April 2018 Option 2

Option 2 is a 10 year and 2 week investment offering potential gross income of 0.5417% per month, payable if the Closing Level of the Index, on any Monthly Measurement Date, is at least equal to 80% of its Opening Level.

Closing Date:
11 April 2018
ISA Transfers:
26 March 2018
Start Date:
13 April 2018
Maturity Date:
1 May 2028
Important: The closing date for applications by cheque is 2 April 2018 and by bank transfer is 8 April 2018.
Don't forget the risks
Product type:
Capital at Risk
Investment type:
Income/Auto-Call
Market / index link:
FTSE 100 Index
Investment term:
10 years (maximum)
Kick-out / Early maturity:
No
Potential return:
0.5417 % per month
Barrier type:
Barrier level:
0%

CAPITAL AT RISK: The potential returns of this plan and repaying the money invested are linked to the level of the FTSE 100 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.

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Further Information

The FTSE Monthly Contingent Income Plan April 2018 Option 2 is a ten year two week investment plan that offers potential gross income of 0.5417% per month (6.5004% 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 80% of its Opening Level, the Plan will pay a gross income of 0.5417% 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 80% 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.

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

Applications for the Plan must be submitted via Best Price Financial Services and received by 5pm on 8 April 2018 for bank transfer applications.

The closing date for applications by cheque is 2 April 2018

The closing date for ISA transfer applications is 24 March 2018.

This will enable us to process your application and forward it on to the structured product provider.

1Firstly, print off and complete our Appropriate Assessment Questionnaire. All applications require two proofs of identity - see the questionnaire for more information.

2Next, click 'Product Literature' above and download, print and complete the application form available. Note that product 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
SA13 2PS

How much does it cost to invest?

A minimum fee of £75 applies for ISAs, ISA transfers and Direct cash investments. All other investments carry a minimum fee of £100.

Don’t forget the risks

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:

Market risk to potential returns

Whether or not a plan generates the potential returns for investors usually depends on the closing level of the relevant index on the relevant dates for the plan, i.e. the kick-out anniversary dates for kick-out products; the early maturity dates and end dates for growth products; the annual income dates for income products.

If the index closes below the level needed, for the plan or plan options chosen, on all of the relevant dates, the plan or plan options will not generate a return.

Market risk to repayment of money invested in 'Capital-at-Risk' plans

If the closing level of the relevant index is below the level needed on all of the kick-out anniversary dates or early maturity dates, if relevant for the plan or plan options chosen, and on the end date, repaying the money invested at maturity will usually depend on the closing level of the index on the end date..

Different structured products use different types of protection barriers. Some products use barriers that are observed every day that can therefore be breached on any day during the investment term, while some products use barriers that are only observed at the end of the investment term and that cannot therefore be breached during the investment term.

Market risk to the repayment of money invested on the end date will depend on the type of barrier and its level.

For example, for a product with an end of term barrier, set at 60% of the start level, if the index for the plan closes at or above 60% of the start level, on the end date, money invested will be repaid in full (less any agreed adviser fees and withdrawals). However, if on the end date the index closes below 60% of the start level, the amount of money repaid (less any agreed adviser fees and withdrawals) will be reduced by the amount that the index has fallen. For example, if the index has fallen by 45%, the repayment of money invested will be reduced by 45% (meaning that investors will get 55% of their investment back).

'Protected' types of structured products

Some structured product plans are designed so that they are 100% protected from stock market risk at the end date.

It is important to understand that even if a structured product plan is designed with 100% protection from stock market risk, at the end date, it will still usually have issuer and counterparty bank risk. In other words, both the potential returns of the plan and repaying the money invested at the end date will depend on the financial stability of the issuer and counterparty bank. If the issuer and counterparty bank become insolvent, or similar, or fail to be able to meet their obligations, it is likely that investors will receive back less than they invested.

Issuer and counterparty bank risk

Both the potential returns and repaying the money invested of most structured products depend on the financial stability of the issuer and counterparty bank. If the issuer and counterparty bank become insolvent, or similar, or fail to be able to meet their obligations, it is likely that investors will receive back less than they invested.

Financial Services Compensation Scheme ('FSCS') protection

It is important to understand that it is not usually possible to claim under the Financial Services Compensation Scheme if the issuer and counterparty bank fail to meet their obligations or if the stock market index that a plan links to falls.

Structured deposits

Structured deposit plans are deposit-based and will usually be fully protected from stock market risk at the end date and also benefit from the protection of the Financial Services Compensation Scheme, if the bank or building society is a licensed UK deposit taker.