A maximum six year two week investment offering a potential gross investment return of 6.5% per annum from year 2. Kick Out Levels are reduced from year 3 to increase the chance of early expiry.

Key Dates

Closing Date: October 30th, 2017 ISA Transfers: October 16th, 2017
Start Date: November 1st, 2017 Maturity Date: November 15th, 2023
Please note: This plan is available on an advised basis only. If you are interested in this plan, please telephone us on 01639 860 111 to arrange a free consultation.
Important: The closing date for applications by cheque is October 20th, 2017 and by bank transfer is October 28th, 2017.

Key Terms

Potential Gross Return: 6.5% per annum

Investment Type: Auto-Call/Kick-Out

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 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.

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 860 111 to arrange a free consultation.

Fees for Non-Advised Investments

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.

*A minimum fee of £50 applies for private investments.

Fees for Advised Investments

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.

How much does it cost to invest?

A minimum fee of £50 applies for ISAs, ISA transfers and Direct cash investments. All other investments carry a minimum fee of £100.

Further Information

The FTSE Step Down Kick-Out Plan November 2017 (BNP) is a maximum six year two week investment offering a potential gross investment return of 6.5% per annum. The capital and investment return are linked to the performance of the FTSE 100 Index.

If on any Measurement Date, before the Final Measurement Date, the closing level of the Index is at least equal to its Reference level, the Plan will mature early and make a gross investment return. If the Plan matures early on any Measurement Date, the gross investment return amount payable will be 6.5% of the money invested for each year that the Plan has been in force.

If, on a Measurement Date, before the Final Measurement Date, the closing level of the Index is below its Reference Level, no investment return will be made and the Plan will remain in force.

The Reference Levels are as follows: year 1 at 105%; year 2 at 100%; year 3 at 95%; year 4 at 90%; year 5 at 85% and year 6 (Final Level) at 80%.

If the Plan has not matured early and the Final Level of the Index is at least equal to its Reference Level, it will provide a gross investment return at the Maturity Date equal to 39% of the money invested. If the Final Level of the Index is below its Reference Level, no investment return will be payable at the Maturity 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.