FTSE S&P Super Step Down Kick Out Plan April 2021
The FTSE®/S&P Super Step-Down Kick Out Plan April 2021 is a maximum 7-year 3-week investment offering a potential gross investment return 5% for each year in force from year 2. This plan is only available on an 'Advised' basis.
The closing date for ISA transfer applications is 12 April 2021.
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®/S&P Super Step-Down Kick Out Plan April 2021 is a maximum 7-year 3-week investment offering a potential gross investment return of 5% for each year in force from year 2.
The capital and investment return are linked to the performance of the FTSE 100 Index and the S&P 500 Index (each 'an Index', collectively ‘the Indices’).
The Securities purchased will be Notes issued by Credit Agricole CIB Financial Solutions and guaranteed by Credit Agricole CIB. The Securities can be viewed in a similar way to a loan to the Issuer and are linked to the performance of Preference Shares issued by Broadwalk Investments Limited, which is in turn linked to the performance of the Indices.
This is a capital-at-risk Plan and the investor may lose money if the Final Level of the lower performing Index is below 65% of its Opening Level. The amount of your money that you would lose will be the percentage by which the Final Level of that Index is below its Opening Level. In extreme circumstances you could lose all of your money. If the Final Level of the lower performing Index is at least equal to 65% of its Opening Level you will get back the amount you invested.
If the Closing Levels of both Indices on any Measurement Date before the Final Measurement Date are at least equal to their respective Reference Levels, the Plan will kick out, i.e. mature early, and make a gross investment return of 5% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be on 28 April 2023, two years after the Start Date.
If the Plan has not matured early, and the Closing Levels of both Indices on the Final Measurement Date (the ‘Final Levels’) are at least equal to their respective Reference Levels, the Plan will provide an investment return at the Maturity Date equal to 35% of the money you invested.
If the Final Level of one or both Indices is below its Reference Level, no investment return will be payable at the Maturity Date.
Measurement Dates & Reference Levels (% of Opening Level): 28 April 2023: 100%, 29 April 2024: 100%, 28 April 2025: 95%, 28 April 2026: 85%, 28 April 2027: 75% and 28 April 2028 (Final Measurement Date): 65%
It is possible that the Counterparty could collapse or fail to make the payments due from the Plan. If this happened the investor would lose some, or all, of the money they invest in the Plan, as well as any investment return to which they might otherwise have become entitled.
It is the understanding of Meteor that any investment return from this Plan will be subject to Capital Gains Tax.
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: