|Closing Date:||December 21st, 2016||ISA Transfers:||December 7th, 2016|
|Start Date:||December 23rd, 2016||Maturity Date:||January 11th, 2023|
Potential Gross Return: 5.7% per annum
Investment Type: Income
Product Type: Capital at Risk
Investment Term: Maximum 6 years
Minimum Investment: £5,000
Underlying Asset: FTSE 100 Index
Capital Protection: This is a capital-at-risk product and the investor may lose some, or all, of their, money if the Final Level of one or both Indices is below 60% of its Opening Level. In this case, the reduction in the money invested in the product at the Maturity Date will equal the same percentage that the Final Level of the lower performing Index is below its Opening Level.
The closing date for applications by cheque is December 13th, 2016
The closing date for applications by ISA transfers is December 5th, 2016.
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 Income Builder Plan December 2016 is a six year two week investment plan that offers potential gross income of 0.475% per month (5.7% per annum).
The return of capital and payment of any income are linked to the performance of the FTSE 100 Index.
The Plan pays a monthly income of 0.475% if, on every Business Day during a monthly Observation period, the Closing Level of the Index is between 75% and 125% of its Opening Level (the range), i.e. the Index does not close more than 25% above its Opening Level or more than 25% below its Opening Level in that period.
If the Index closes outside of the range during an Observation Period, the income payment for that month will be reduced. The extent of the reduction will depend on the proportion of days during the Observation Period that the Closing Level of the Index is outside of the range. For example, if there are 20 Business Days in an Observation Period and the Closing Level is below 75% of its Opening Level on 10 of those dates, the income payment will be half of 0.475%, i.e. 0.2375%.
If the Closing Level of the Index is outside of the range on all of the Business Days in an Observation Period, no income payment will be made in respect of that Observation Period.
It is aimed at clients who may be cash rich but income poor. As the capital is at risk, it is suited to those clients who are willing to take a risk on capital return in order to receive a higher level of income than could otherwise be achieved from cash products, and therefore are likely to have a medium attitude to risk or higher.
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.